DUNEDIN.

Daily Telegraph (Napier), Issue 3629, 28 February 1883, Page 3

DUNEDIN.

This day. The sale of leases of runs was well attended yesterday. In all sixty-seven runs were offered, the present rentals of which amount t0£13,G09. Of these fifty were sold at a rental of £17,333, while seventeen were passed in without a bid over their present rentals of £2508. These hitter will require to be dealt with on a future occasion. Of the fifty runs that were sold seventeen fetched higher prices than before, while thirty-three fetched only the upset price. The most spirited bidding was for the six subdivisions of the two Waikouaiti runs. These were run up from their present rental of £IGI2 to £2590 per annum. Some of the runs in the neighborhood of Lake Manapouri and Te Anau did not seem to bo much sought after. One of 17,000 acres, the upset annual rental of which was only £10, did not elicit a bid, and another of -19,000 acres, with an upset of £52, met the same fate. To a query as to -what draught of vessel could bo taken over the bar the secretary to the Harbor Board has replied that under present circumstances a ship drawing 23ft. could come over the bar easily, but the Board would not be justified in giving any positive expression as to what the future may be.