GOOD NEWS.

Manawatu Herald, Volume VII, Issue 267, 17 May 1889, Page 2

GOOD NEWS.

We have received information from the Auctioneers Messrs Stevens and Gorton that they received instructions to offer a portion of the Oroua Downs estate for sale. For this town nothing could be more desirable, and we trust the example set will be followed by the subdivision of the properties lateiy owned by Mr Larkworthy in Carnarvon and Moutoa. Whilst expressing this wish, we desire to acknowledge the work done by the owners, who took up the land cheap, and at a large outlay of capital and time, have transferred the desert into smiling pasture. They therefore deserve their reward, and the subdivision of these estates would appear to be the best manner of obtaining it. We hope that this arrangement will not necessitate our losing the Manager of the Oroua Downs as he can ill be Bpared, having at all times shown himself anxious to forward at.y industry by which the farming interests might be advantaged. The Advo •• cate writingof thissale 'says" The well known^estate; comprises 27,000 aores, 15,000 of which may be classed as the best fattening land in New Zealand. During the last fourteen years, enormous sums of money have been expended in bringing the rich swamps into perfect cultivation, with the result that during the last twelve months this property including the pastoral land, from its fat stock, wool, and flax, has paid considerably over £1 per acre net. The surveyor has already received i^structi-ms to go on with the survey of the different farms, and about 6,000 acres of the cream of the land will shortly be offered by pub ie auction, care being taken to make the farms in every way suitable for the farmer to make the most of his land. The Campbelltown settlement, which was cut up and sold by the owners of this estate, and of which it once formed apart, has proved an unqualified success. What formerly was heavy bush country with no roads is now the most thriving settlement on the West Coast. If that lias proved such a success, what will be the success of land of even far better quality, being now in the highest sate of cultivation, and producing the best fat stock on this coast, when cut up into small farms, where the farmer can at Ouce have a return from his labour ? It cannot help being much greater, more particularly as we are informed the terms of sale will be exceptionally libera*, viz., 25. per cent during the first six months, >and the balance i on mortgage for" 5 years at 5 per cent. With such viand; and such terms it should mean success to every investor. We Jook forward to the sale of this estate with' keen interest, as we believe it will be the means of giving such prosperity 'to the surrounding district that it will be the forerunner of .other valuable estates bi<ing placed on the market in a simi . lar manner, which means influx of population, greater producing power, and prosperity to all concerned* This estate, we are informed, is being put into the market in terms of the wi:l of the late Robert Campbell Esq., and we are exceedingly pleased to see that it is being offered in the manner decided upon.