LAND SALE.

Shannon News, 25 March 1924, Page 3

LAND SALE.

An important hind sole -was conducted by Messrs Auiaii.un and Williams Ltd., at the Maoriiuiid Theatre, Shannon, on Saturday aiiernoon. when Mr C. Speirs. Qf Shannon, offered his*. fine block of 585 acres at Makerua at public auction. The block was subdivided into eleven farms, ranging in area from 16 acres to 100 acres, the quality of the land being equal to the very best in. New Zealand, having been originally bush and swamp. The bush land has been stumped, ploughed and resown, while the swamp land iias the advantage of deep drainage by Drainage Board and private drains, part of this being in grass and part in rough feed- and flax. There was a good attendance of the public and from the number of enquiries, the auctioneers had received prior to the sale there is evidently still many on the ldok out, for first class land. Mr Ritchie Abraham conducted the sale on behalf of the firm and although only four sections were disposed of hammer, the balance failing to reach the vendor’s reserve, the price realised for these sections can be considered highly satisfactory, both by the vendor and purchasers’. No. 11 section of 72 acres was offered first and opened out at £55 per acile quickly reaching £7O per acref at which price it was knocked down to Mr W. H. Phillips, of Tolcoliiaru. Sections 6, -7, and' 8 followed each finding purchasers at £4O to £47 Sections 9 and 10 were passed in. Section 2 of the back portion' was then offered with the right to take one or more sections, but bidding was slow, the best offer being £2O per acre, which was a long way below the vendor’s reserve and the remainder of the sections were then withdrawn. Following are-Jhe results:— Section 11, 72 acres, W. H. Phillips, Tokomaru, £7O per acre. Section 5, 21 acres, passed in at £44.

Section 6, 32 acres,. A. Walker, Ran-giouto,-£47 per acre. Section 7 and 8, 16 and 22 acres, F. McCulloch, Wellington, £4O per acre. ' Section 9 and 10, passed in at £42 per acre. ’ ± nnn Section 2, 95 acres passed m at £2O per acre. •, ..