AN EXTRAORDINARY OFFER
A man offers £6O 000 to ba allowed to keep his own Property.
(per press association.)
Napier, January 4. Salisbury and Logan, solicitors for Mr Parvis Russell, owner of the Katama estate compulsory taken by the Government, published a letter addressed to the Premier in September last to which no reply was received. Russell contends that the property is of much more value to Rim tkan the award of the Compensation Court, as he would have a difficulty in getting an investment to return him the same income, but that owing to the unsuitability of the estate for small settlement, even at the price awarded by the Court, a small settler could hardly hope to succeed and the colony must ultimately bo involved in considerable loss. He therefore offers to ransom the property by paying sixty thousand pounds in excess of the award. If the Government guaranteed undisturbed possession Government would get £60,000 for nothing, with which to purchase land more suitable for close settlement. He suggests tliat other owners might feel inclined to to pay substantial sums on the same guarantee, and thus a large sum would be available for the purchase of estates free from any burden of interest.
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Greymouth Evening Star, Volume XXXI, 7 January 1901, Page 3
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204AN EXTRAORDINARY OFFER Greymouth Evening Star, Volume XXXI, 7 January 1901, Page 3
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