BIG SYDNEY DEAL
PURCHASE OF BUILDING. (Per Press Assuc'iatioit Copyright.) AUCKLAND, Ofccober 29; It was learned to-day that the purchaser of the “Daily Telegraph” bu.Jd-. i-rig in Sydney' recently was ,Mr ’J. W.M’Arthur,: of ■Auckland. The pficie' was stated' in th© Sydney cablegram tobe; £IOO,OOO, but, owing to tlie benefit of the exchange rate, the cost to. 'the purchaser will bo £87,000 in New Zealand currency." ‘ .pile building wed sold in 1227. fur £305',030, and tlie present Government valuation c>f tbs land alone is £/3,003; : " '• .' ' '•/ '• ;
Mr 'M'Arthur said tc-dav that when in Australia' V-ecen'tly looking for‘ investment 'avenues he acquired’ certain informatiori-, rind on liis return h« kept in touch with his agents in Sydney by wireless telephone. .
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Hokitika Guardian, 31 October 1932, Page 3
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118BIG SYDNEY DEAL Hokitika Guardian, 31 October 1932, Page 3
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