THE VALUE OF PUMICE LAND. IN THE NORTH ISLAND.

Dominion, Volume 6, Issue 1831, 18 August 1913, Page 6

THE VALUE OF PUMICE LAND. IN THE NORTH ISLAND.

.J . ■ From the following extracts from reports by the Special Commissioner for tho "New Zealand Herald" we are reminded that the extensivo opening up and developing o£ the pumico areas'in tho North Wand is going to mean mn:'h to tho prosperity of ; tho country, and tho profit of those who tako part in this work. ("New- Zealand' Herald," January 17th, ,1013): "Moderately improved farms on the pumice country liavo recently sold for £1 und oCS' and £10 per acre, and I firmly believe that oven at this price it wa'3 about the cheapest land in New Zealand.

... I have seen farms on pumice ,land at Lichfield, Putaruru, Puke-turn, Rotorua, and other, places, which already carry stock and. yield produce equal'to' £20 an acre land elsewhere,' and I know that these farms can have their productive powers very largely increased under more extensive cultivation." ("New Zealand Herald," February 15, 1913): "I know a shrowd southern farmer .who is now working a pumice land farm, who assures me that he can- make his turnip crops pay' nil tho cost of putting pumico land into permanent pasture." In connection with pumice land, an opportunity is now being given the public to secure an interest in the Waiotapn Estates' Development Company, Ltd., to purchase 13,150 acres of pumice land, well watered" and almost entirely easily plonghable- at 255. per acre freehold. Full particulars of. this company, in which a limited .number of shares only are available, may be had from A. T. Bate, Sharebroker, Nathan's Buildings, corner of Grey and Feather/fiton Streets, Wellington, either personally or by mail. cash secures you a 10n* jei shares in the.company. The capital of the company is ,£20,000, and it i 9 the intention of fiia company to subdivide the block and resell when it is estimated that £3 per aero will bo readily secured for land of this quality in convenient farm lots. Now is the tiino to pi'ocuro au interest in pumice lands, , while the whole country is awakening to a state of prosperity, and the value of tho land, on account of the opening up of read.? on every hand, the projected railways, and the proof; positive of tho splendid productiveness of this class '-1 ln.nd which has been provided by >he Government oxpeirimtirttnl paddocks, is advancing so rapidly. Tho pumico coun- " try provides indeed a promising-and-subr stiintial field for profitable land 'investment,' and this particular project mentioned ahpvo affords equal opportunities to small and largo investors. Published by tho Waiotapu Land Syndciate, Ltd.