LAND SALE
At Mt. Hercules yesterday Messrs W | Jeffries and Co .offered lln' various pioperties belonging to Mrs Johnstone and the Ferguson Bros, to public competi- j tion. In view of the fact that this property had been offered to the Government for Returned Soldiers, consider able interest was displayed in the sale, there being a large attendance of people present. The total area offered was 3,848 acres of Freehold and Leasehold Land and Runs No 13 and 55 situated in the Little Wanganui River. After ; reference had been made to the special , terms being offered and also to the var- i ious special conditions pertaining to certain leaseholds the sale commenced , with the offering of Lot No 4, which j comprised 47 acres of freehold and 245 peres renewable lease and known as th P Homestead Block, the improvements on which were estimated at £IBOO. Bidding was opened at £9 per acre, and j rapidly rose to £ll at which price' it 1 ( was passed to Mr T. E. White of Hari , . Hari. , ' . Lot 3 was then offered and opening ( at £6 an aero rose to £8 2s Gd at which > figure the 197 acres was sold to Mr H. ( Adamson. I I Lot 2 opened at £7 per acre and at ( £8 5s the 220 acres wassold to Mr Jas ( Minehan. j Lot 1 of 207 acres L.I.P opened at : ; £7 per acre and at £8 10H was sold to f Mr J. J. Mclntosh. t Lot sof 227 acres 2 roods, opened at ( £3 per acre and at £4 10s was passed to y Mr Smith. A subsequent private offer ( of £5 was also declined. , Lot 6 which comprised'the Education Endowment Reservo of 2700 acres to- (J gether with Lot 8 being the pastoral ( run No 13 of 15000 acres were with- t drawn from sale by the owners, but are | now open for private treaty. a Lot 7 comprising 2881 acres being Pastoral Run No 55, opened at £24 and s after keen competition was sold to ■ Messrs Mclntosh and McLean for £35. It is understood the prices received are considerably in access of what the " land could have been acquired by the Government for Soldiers’ Settlement, i 1,, rn mrm 1 It
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Hokitika Guardian, 1 March 1921, Page 3
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377LAND SALE Hokitika Guardian, 1 March 1921, Page 3
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