BOUGHT FOR £50,000.

Dominion, Volume 4, Issue 1005, 21 December 1910, Page 6

BOUGHT FOR £50,000.

..A" LARGE. BLOCK AT .KAIPAfIA.. (I3y Telegraph.—Special CorrecoondentJ Auckland, December 20. The most .important sale of country lamias to area- and value, made in the-Auck-land district during>the current year, was completed yesterday by. Messrs; T.' Mandeno Jackson. The block sold, is Mr. T. 0. Williams's Kaipara estate, . known as "Okahokura." It consists of 23,839 acres, and is carrying 4100 sheep arid 1700 head of cattle. The property'is situated on Kai-. para Harbour, being a peninsula opposite Kaipara Heads, having a water frontage' of nearly 60 miles, while a mile of fence," from tide to tide, encloses it. The pur-' chasers are a. well-known Ohristchurch firm, who intend to thoroughly develop the property, and ultimately, cut ;it up for sale. It may, even do so before the estate is subdivided, as it will take time and a large expenditure'to thoroughly bringthe whole of the land into use, but; in the meantime, dairying will be carried on, the new owners providing the necessary stoi-i, milking machines, and sheds, erecting the factory, and making necessary roads, etc. The property will be worked into dairying on the share system, and this itself will give employment to a- large number of hands, as 1000 milking cows can easily 6o carried now.-

With the' sale of this property," the veteran, Mr. T. C. Williams, wno has always been conspicuous for great enterprise, retires from the role of runholder, so far as this province is concerned, ho having previously sold the"' Pakaraka, Freshfield, Karaka, • and .Kerikeri estates. It is understood that the sum involved iu the' present transaction was in the neighbourhood 'of £50,000.