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Poverty Bay Standard, Volume IX, Issue 977, 14 September 1881, Page 2

One of the mistakes over-anxious land speculators occasionally make, has been fully demonstrated in a case which was lately heard by Mr. Price, R.M., and Trust Commissioner, at Gisborne. It appears that some time since, a Native youth, by name Ereatara Rangiwhaiti, while in his minority sold to Mr. Randall Johnson his interest in the Arai No. 2 block for a comparatively small consideration of money. Time rolled on, and brought about new phases in the kaleidoscope of affairs, one of which was the attainment of the youth’s majority. He had passed the Rubicon, and had entered on that stage of importance which attached to him the responsibility of his own actions. He, then, knowing a deal too little, or a little too much, yielded to the solicitations of a second Pakeha-Maori, and re-sold (o him the same interest he had quitted some time before. The scene is changed. Mr. Duncan McKay is the principal figure. He buys from the young man when he had a right to sell, and is now in possession of the Trust Commissioner’s certificate. Let those laugh who win. Mr. McKay can afford to laugh, while Mr. Johnson won’t, for the property is now worth something like ten times more than he gave for it.