Experiments were conducted to measure the dependence of neutron polarization following their transmission through a magnetic colloid on the concentration of magnetic particles, magnetic field strength and wavelength of neutrons. In a magnetic field up to 500 Oe the precession of the neutron polarization is seen. Comparison of the experimental data and theory is made and colloid magnetization is determined. The measurement was carried out with the SPN-1 polarized neutron spectrometer at the high-flux pulsed reactor IBR-2 in Dubna. 7 refs., 2 figs.