The Manawatu Herald. Saturday, June 12, 1909. MONEY IN GUM LAND.
An incident is related by Mr H. G. Ell, M.P., who recently came to the North Island as a member of the Timber .Commission, to show the value of kauri gum land. A party of ten Austrians purchased from a widow who owns a farm the right to dig on an area covering about ten acres, for the sum of £ l6O. Another party of ten Austrians came along and paid the first party ,£l6O to share in the concession. After a time a third party of ten paid the same price for the privilege, and ten more Austrians also paid the same price. The widow gets as a kind of royalty, but the first party ot ten gets and retains the same rights as the other thirty Austrians to dig for gum. Mr Ell did not credit the story when it was told to him, but states that inquiries he made confirm it.
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Manawatu Herald, Volume XXXI, Issue 462, 12 June 1909, Page 2
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164The Manawatu Herald. Saturday, June 12, 1909. MONEY IN GUM LAND. Manawatu Herald, Volume XXXI, Issue 462, 12 June 1909, Page 2
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