This report is concerned with the economic aspects of resource development in New Zealand. The techniques used in this field of study were developed, and are being used, for the specific problem of land development. They are perfectly general in nature and can be applied to the evaluation of any development project. It therefore seemed appropriate to circulate the present bulletin describing these techniques, which will be of interest not only to economists but also to government and business officials involved in making important decisions in the field of investment and project development.

This paper was presented to the Conference of the New Zealand Association of Economists at Wellington 6th and 7th February, 1964.