SHREWD INVESTORS ARE BUYING PUMICE BLOCKS.

Dominion, Volume 6, Issue 1843, 1 September 1913, Page 8

SHREWD INVESTORS ARE BUYING PUMICE BLOCKS.

9— Owing to tho successful experiments of the Government in.;, connection with Pumice lands, the '(lemouStra , 'cd success of Canterbury fttrihersv' ami; others who have taken up big blocks in'thsse areas, tho establishing of a dairy factory at Botorua, ami the further opening up of these territories by- road' and rail, the •pumice districts havo conie to .be refarded as the districts, ,with a'future. lircwd investors are buying big blocks of pumico land, and 'smaller investors who are desirous of sharing in the. profit secured from the. rapid -progress' of this pumico country can do so now by taking an interest in tho Waiolapti Estates Development Company, Ltd., a limited ijoijiiber of shares in which Company are now on tho market. This Company has secured n. fino block of loud in the Waiotapu district (13,150), situated north-east of Lake Taupo, at 255. per acre for the Freehold. TVhen ono considers.that practically the whole of this tend is easilv ploughable, end that the block is well watered by streams and tributaries of the AVaikato, which river forms for several miles tho boundary of the Waiotapu block, this jirico or 355. psr aoro is'remarkably low. The capital of the company is '.£20.000, divided into 20,000 1 shares, which allows for tho purchase of tho land, for cultivation of a portion of it, and the subdivision and re-sale in convenient holdings Fuitablo for ,small .fanners; The company anticipate selling the land when subdivided without difficulty at .£3, or J23 10s. per acre., Estimating tho.re-sale as low as £3, this will show n profit of 100 per cent, to the shareholders, while if a higher price is secured, which is very probable, tho profit is accordingly higher. Interested investors should look up Inst Saturday's Dominion, in which .fuller particulars -are given or the following inaiiiry form, filled in. and posted to A. T. Bate, Sharebroker, "Wellington, will bring you the information you require by return mail. You will seo by the particulars which will bo forwarded to you that only 2s. per share is paid, so that to secure, gray, 100 shares in tho company, only £10 is paid now, and not more than Is. par share per month, can be called up thereafter. " \