The Value of Land in England.
As showing the depreciation in the value of land in some parts of England, the following paragraph about Suffolk may be quoted. " Put your money out on mortgage— the land cannot run away," was the standing advice of the olijjtfamily solicitor. In an aotion broußhjfc the other day before Baron Pdttbck at the Suffolk / ssizes it appeared that in 1872 a sum of £2000 was advanced on the security of a farm of 128 acres by trustees for the benefit of a widow and children. A second mortgage for £1000 was afterwards effected on the same property and the security may well have been deemed ample for the borrower had bought it only just before for £5000 in hard cash. Times, however, have changed since then. The land was lately put up to
auction, and so feeble were the biddings that it was finally bought in for ! £1*.2?>0, or considerably less that one half the sum raised upon it. ____________________
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Manawatu Herald, Volume III, Issue III, 3 October 1891, Page 3
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165The Value of Land in England. Manawatu Herald, Volume III, Issue III, 3 October 1891, Page 3
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