LAND SALE AT GLENKENICH.

Evening Star, Issue 4283, 17 November 1876, Page 4

LAND SALE AT GLENKENICH.

On Tuesday the Hall at Lawrence JRg crated withinte'hdmg purchasers, and the competition for sections in the extension: of the, town: >of > Tapanui ; was :wery vkeen : indeed!. : blithe sections offered were sold except sections. 3j block 22, on which there wasa reservfc of LBO, and Sectiond, block 21, on which there ! wafc a reserve of L 55, at the Tateiof L2O an acre!:<r The upset (price on': sections -was at the rate of L 5 per; 'ujuirte* acre.'* There - wfos'no competition for sections in Kelso; seven sectiohs were sold St the upset price. " The upset price on these will have to be lowered before' there ! is tnuch speculation in, them. ‘ Every . sectiMi offered in block 9, GJenkenich, was Soldi Jmr H. .MTntyre being the ; principal purchaser, having increased! iis freehold to the extent of L 8,270. :Mr Richard Walton, 6f (Christchurch, who was the only real opposition that Mr MTntyre had, wanted 3,000 acres in a block, and he ran up every section to the price given by Mr MTntyre. Only four sections—l 3, 14, 25, and 30—fell to his lot at an average price of L2 10s per acre. Therefore a number of bona Jide intending settlers' present, but they had no chance with the. capitalists, not one of them securing a'section, though they ran some of them up to ppde.—‘.Tuapteka Tiu^s.’