Page 2 Advertisements Column 2

Feilding Star, Volume VIII, Issue 93, 12 February 1887, Page 2

while it i< well known, that in consequence of the richness of the pasture, no necessity exist* for preparing winter feed. As a itock>oroducirig district it has also the amazing advantage of bein? able to fatten and keep stock ripe for killing for ten months in the year. To the practical steck-breeder thin important fact needs j no comment. The Railway Commission | appointed by the Government some year* back to evidence upon oath, as to J;he country through which the Company's line now runs, exanii ed a large* number of witnesses, all of whom were unanimous as to its hmh« class character. The Bishop of Wellington, who was one of the witnesses, in his evidence states : — " I have for " many years travelled through the whole "of that district. I have ridden over it "in various directions. I will merely " speak as to the quality of the land. I "conceive that there is land there of " 6rst-rate quality, and speaking roughly. " from the length and breadth of it, I " should say that there must be 150,000 " acres of land, most of which must, if a " railway went through it, certainly re- " alize m the market fram £8 to £10 an " acre" The aim of the Company being to sell their lands to bonafide occupiers, and so create traffic for their Line, high pnees are not looked for. It is necessary under the Company's Act of Parliament that all lands granted by the Government to the Company, and* which are known as " Allocated Lands," should have an up* set price fixed upon them prior to being submitted at auction. The Freehold Blocks acquired frona the natives by the Company are not subject to such restricttion, hence evkby section now offered WILL BE SOLD AT THE AUCTION SALE FREE FROM AN UPSET PRICE ; the Com pany as a Railway Proprietary, recognising that a large and energetic body of settlers occupying high class land, purchased at a low price, will be of more permanent value to them and the com* munity than if they sold a limited area at high rates. In order to bring about this result, the terms of sale have been fixed on a basis which will, we feel sure, be appreciated by all who desire to see the lands of the country speedily settled. They are as follows : — Deposit at the Auction Sale, 10 peb cent. The balance of 90 peb cent, to bemain on mortgage fob seven yeab3, bearing interest at the übpbecedentedly low bate of flve peb cent, peb annum. In order to induce occupation and improvement, the purchaser will be required to enter into an undertaking to expend during the first three yean, by ! his own labor or otherwise, an amount equal to 10 per cent, per annum of his purchase money, or in lieu thereof, should he prefer to let his section lie idle, to pay, in reduction of his purchase money, 10 per cent per annum in cash. The effect of this arrangement would be as follows: — A.B. buys a section at the sale for £200. He pays £20 down, receives his title at once, and gives a mortgage of £180, payable in seven years. He has then to improve the property to the value of £20 each year in 1888, 1889, and 1890, or failing that, pay oft tbat sum in cash in reduction of his mortgage. This arrangement wiil, of course, suit either the fatmer who wants to go on the land immediately and work it himself, or one who not being ready for a year or two and not liking to lose the chance of se curing a section of such valuable country, buys and lets the land till lie he is ready to occupy it. The title is Land Transfer Act, and an immediate conveyance wiil be given to each purchaser. The solicitors' total expense for preparing the title, exclusive of Government fees, has been limited to 10s for a conveyance and 10s for a mortgage. Any purchaser can pay off the whole amount of his purchase money at any moment should he wish to do so. The Surveyor's confidential report as to tbe.qudity of the land, <fee, on each section will be uhown on application to intending purchasers, and arrangements have been made by which persons visiting the property will have the guidance of those competent to point out the boundaries of the whole of the sections com* prised in the Block. The land can be inspected in a single day, and the Company have arranged to issue special return tickets (available only to those desirous of making such inspection) at the following reduced scale of prices: — Ist Class 2nd Class Between Wellington and Shannon, or Tokomaru ... 10s 6 s Between Johnsonville, and Shan* n<n, or Tokomaru 10s 5s Between Poriruo, and Shannon, »r Tokomaru ... 9s 4s 6d Between I'aremata, j and Shannon, or I Tokomaru ... 9s 4s 6 i Between Paikakariki. and Shannon, or Tokomaru ... 8s 4s Between Waikanae, and Shannon, or Tokomaru ... 6i 3t Between Otaki. and Shannon, or Toko* maru 6> 3s Between Longbnrn, and Shannon, or Tokomaru ; ■;.. 2s 6d Is 6d The tickets from the Wellington and othes stations en route are only available for Shannon or Tokoma-u by train leaving Wellington each day at 7 a.m., and r- turning to Wellington, passing Tokomaru at 6 s p.m., and Shannon nt 6.25 p.m. The tickets from the Longburn Station to Tekomaru or Shannon will be available by train, leaving Longburn at 7.30 a.m., and returning from Shannon at 6 26 p.m., and Tokoinaru at 6.50 p.m. Ticket holders quitting the train at any other station or going beyond those as above will have to pay full fares as per Company's time table. : These tickets are procurable only at the Head Office of the Company, or at the Auctioneers' Oitces, on application, and will not be issued at the railway stations. Lithographic plans of the property, showing each section in detail, and further particulars may he obtained on application at the Head Offices of the Wellington and Manawatu Railway Company, Lambton Quay. Wellington, or from the Auctioneers, Messrs T Kennedy Macdonald & Co. The Plans can also he seen at the Kail way Stations, and at the office of this paper. ~~ b'BANK OWEA , r ICENSED and AUTHOEISED Lj SURVEYOR. Offices in Manchester Street, next the Sample Rooms. Orders left with Mr Sherwill will be attended to.