PURCHASE OF PATETERE BLOCK.
An Auckland telegram says the negotiations at Patotcrc between the Government and private purchasersare concluded. The terms are that the latter deposit £II,OOO security for the Government advance, upon which being done the pre-emptive proclamation will be withdrawn. The Association will pass the land through tde Court, in order to secure the title. Government will probably select 20,000 in lieu of the £II,OOO, and return the deposit. It is also believed that the Association will be bound to put up blocks of land for sale in reasonable sizes, and offer 25 per cent of the best land on deferred payment by auction, and survey 10,000 acres for which Del worth's and Howard’s negotiation is proceeding.
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Patea Mail, 16 October 1880, Page 3
Word Count
119PURCHASE OF PATETERE BLOCK. Patea Mail, 16 October 1880, Page 3
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