Price of Land.

Horowhenua Chronicle, 28 February 1914, Page 4

Price of Land.

At a sale of land near Feilding on Wednesday phenomenally high prices were obtained, a block of 400 acres averaging £65 per acre. Several sections are reported to have gone at over £80 per acre- One may be pardoned for asking how a purchaser proposes making a profit on rural land for which such a price is paid, says the "Age" If the land is devoted to fruitgrowing, or to culsivation of spdcial classes of grass seed, it may be worked to advantage. If it is to be used for dairying purposes as we presume it is, the price paid is out of all reason. No land in the dominion is worth £65 per acre for dairying purposes. And yet we have a knowlede that such prices are being regulary paid in various parts of the Taranaki district. It only requires adrop of a penny per pound in butter-fat to bring rash spsulators to their senses.