Untitled

New Zealand Times, Volume XXXVII, Issue 8342, 31 January 1913, Page 6

“A magnificent property, but very badly managed from the point of view both of the city and the city’s tenants.” This was the opinion of one of the members of the City Council who went up to Pahiatua this week to inspect the corporation endowment at Mangahao, the tenants of which desire to secure the freehold. To a “Times” representative yesterday this councillor declared that neither the city nor the tenant was getting the best return from the land. The tenants hold under a perpetual lease with periodical revaluation, one result being that they arc very chary about making any improvements which may result in increasing the value of their holdings and consequently, of the rent they have to pay. Many of them, indeed, were absolutely impoverishing the laud. I bon the endowment was so far away from the city that it could not be properly watched, so that he was inclined to think it would be better business for the corporation to let the tenants have the freehold and put the money into some endowment close at band, such as the Hunter street block-