SOME RECENT PROPERTY SALES.

Dominion, Volume 6, Issue 1560, 2 October 1912, Page 10

SOME RECENT PROPERTY SALES.

fi,? Ir, f G T A ' d6rto ". of the, Auckland firm of 1. Jlandeno Jackson, arrived vc*. terday and is staying at the Grand Hotel. Jlr. Aldertoii s visit is partly, in connection .with the recent, sale made br his ftrm of the large Parenga Estate to Jlr. R,. Keane, oMV*Uin s toii. Thi ? is one of the largest land salts-made for a-lone time, involving 89,000 acres. Mr. Alderton stnt.es, that (luring'the .last month he sold the Glendowie Estate, 588 acres, ?' t> l ?, Aucklnud>Harbour, to Jfr. Itudell, for jC«,ooo ; .and the MnnSa sechon of the O.nana Estate, Northern JVairon, to Mr. J. H. B. Williams of Geraldinc. for ~, Another arge estate, .n.volving is being arran|Kl for-thisi .week. The demand for land, Mr. Alderton says,, is keener' tlian ever In regard to the Pareng'a-.Estate, Mr.'AlUorton states that a Tory valuable dis™v*r,y hnsJiMn made Ly Mr. Raymond, of v> elhiigton, for cleaning' kauri gum * y ,rT Ch }sS ry - , By ha ?d.ft-costs, from Alj to i£JO a ton to scrape aiul clean giim, tesides.causing considerable waste in chips and dust. The machine, he eavs will do the work for about h a ton and prevent all waste. One 6f The largest Bumnelds in. the , proyincoV.is on the Parenga Estate;.and it is.Mr, Alderton's opinion that this discovery is agoing to make a very considerable difference to the value of the property purchased by Mr. Keene. .