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(but I dont know how the sawyers have dealt with it) some very valuable totara timber on it, and it is certain that the soil is very good. Even h higher up you could not get a well totara-timbered section under from £5 to £7 an acre. I quite agree with you as to the desirability of Govt. coming forward to assist Taringaturi in the proposed purchase; and if I had money available would gladly concur in the responsibility of making some advance. But, as you know, the small fund I have in hand is almost wholly taken up with your own reserved sum, and as I told you yesterday

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