CONTRAST IN VALUES

Dominion, Volume 9, Issue 2780, 26 May 1916, Page 4

CONTRAST IN VALUES

ADVANCE IN CITY PROPERTY. On Wednesday tho trustees of the Courtenay Place Congregational Church handed over their late church property in Courtenay Place to its new owner, Mr. J. J. Williamson, who, it is understood,, is to demolish it forthwith in ;'rder to clear the site for ( the erection of a row of modern shops and factory premises. It is interesting now that the property has definitely changed hands to note that tho block of land oil which the church stands was presented to the Congregational Church by the late Mr. Joseph Burn, of Wellington, when its probable value was about ,1300. Having secured tho laud the church raised funds enough to go on with the building, which cost (27 years, ago) i'GOO to erect. How this nroperty has gained in value may be judged from the. fact that the price at which the property (ronllv the land only) changed hands was .£7500, which is at the rate of ,£lO5 per foot of frontaga to Courtenay Place.

The trustees of the church intend to build another church at once, having had a site in waiting for some little time past on the corner of Cambridge Terrace and Lornn Street (occupied for so manyyears by TCitson's stables). This site lias 57ft. frontage to Cambridge Terrace and ,i very considerable frontage to Lome Street, prnvidimr ample room for a Sunr day school. Whilst Hie new church is I'jing erected the adherents of tiie old Conwrationnl Church will attend the Methodist Church in Webb Street, a suitable arrangement having been made with the authorities of that church. The Sunday morning service is to be a ioint ruin bi't in the evening the Webb Street folk will attend the Central Mission service at the Opera House in Manners Street; leaving their church open-to the Courtenav Place Congregationalists..