LAND SETTLEMENT
GOVERNMENT’S PURCHASES.
The accelerated process of land purchase for subdivision which has Hollowed the appointment of the new Government is shown by information made available regarding details of the Government’s purchases. These cover tho period of December, 1928, till July 1929. Properties bought were 14, total area being 13,027 acres. The total purchase price is £255,467, the average price per acre £l9 12s 3d. Proposed sub-divisions will total 71, the average capital value of each subdivision being £6OO. Following the rush of soldier settlement there was-an almost complete cessation of purchases of land for subdivision, the former Government, Ifronr April 1,.. 1924, till it went out of office in November, 1928, having bought only 13 properties of 20,152 acres at a cost of £178,878.
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Hokitika Guardian, 23 August 1929, Page 6
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126LAND SETTLEMENT Hokitika Guardian, 23 August 1929, Page 6
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