A Good Investment.

Manawatu Standard, Volume IX, Issue 135, 13 May 1885, Page 3

A Good Investment.

From (jueeuslaml come* an extraordinary, but nevertheless a tiustory* of hiiw the possessor of one pound sterling made it £100.000. It wan not a ca^u of gambling or horse racing, lint simply a purchase at an tiucliuii milu. Some years back, it appears, a Mr Jtiues Young Bo'nar, became insolvent. His mil est.de consisted of some 300 or 400 acres in different parts of Queensland, some of them iHtiug iu townships. At tin; time of his insolvency the properties \rji*e valued at £4000, aud they, were su jwt to a mortgage tor £900. A Jew years passed away, nothing appeared 1 to have been done with the estate until this 'year, wlien au a-ssigu-nee's adver. lament appeared, notify iiuj the sahi I>\ auction of his rights in aowral insolvt'iit estates, amongst others the 'estate of J. Wybotmr. No lh>dy oonnected J. Wybouar with /amtis Young (or J.Y)Bona» % , *ud si» the pul»lic t«iok no interest in the business. Ont> shrewd individual, however, took the iroui»l» to enquiru into the matter, tmmd out how things stood, and purchased the asuiguee'* title for £\. Tho proj*rty, worth £4000 at the date of the cequestration, is stated to be worth £100,000, and this property (subject to a comparatively small mortgage) Mr VV. Flynn, the shrewd or Jwcky individual, purchased for 20s. This "tind" certainly beaia anytliing told of the e.«rly daya of the goldeu age in Australia. '