GLEN OROUA ESTATE

Hawke's Bay Herald-Tribune, Issue 14, 1 February 1937, Page 6

GLEN OROUA ESTATE

Gnly One Bid Received both l0ts passed IN Only one bidder out of a room containing 50 farmers was discovered on Saturday mornihg when the trustees of the late Mr T. Saunders offered the well-known Glen Oroua estate for auction. The land, situated sixteen miles from Palmerston North, is recognised as an excellently-develop area, extending over 1914 acres! The property was offered for sale to enable tbe trustees to wind up the estate, and tbe auction was expected to be one of tbe most important in tbe Manawatu for some time. Mr, Saunders bad farmed tbe land for 30 years, establisbing' a fine reputation for bis productR. HoweveI•, when the first lot, one of 1546 acres carrying the homestead, was put up, there was not a sihgle bid. For the second lot Of 368 acres, carrying two homes and suita'ble for immediate subdivision into two farms, the only bid was one of £25 an acre, which waa away below reserve. The lots were ac-« cordinly passed in, and it was announced they would bo available for private treaty. The terms of sale by auction asked for 10 per cent of purchase money with the fall of the hammer and the balance by the end of March.