HOUSE AND LANFD REPORT.

Southland Times, Volume I, Issue 20, 16 July 1864, Page 4

HOUSE AND LANFD REPORT.

■ ' H. B. MONKMAIT reports that sales during the , past month have been by^no. means numerouSj and prices, as regards sellers, ndt so satisfactory as could be -wished. The imajority purehasea in a fictitiously, rising market, there fe:neyertheless X .-. a more /healthy t^ne, and, a downward tendency, ;. not anticipated. .. ... „,' , c.7 'i With respect to House rentsj-former -quotations 5"---are not sustained, as, owing to the -decrease <in,;>? population , (occasioned . by . the stoppage ,of \ ,the . . railway, and other public xprks) tlie; . supply ;{Kai been in excess of the demand.". The resumption, of these works i will dbubtless givle a firmer tone!* , LEASiEHoiD.-- I N6thing doing, "many ! lessees be-^' ! ing glad of an opportuhit^ to'quit'their leases at ! -. f a lower figure than ' that at " which they heldv' s tradesmen being far to numerous^ for the» present'^ population. 'One of the lai-gest freeholders in thii town^ has very judiciously lowered the- rentals : fo*his tenants fifty per cent, ! which is'of "immeasur- ; t able benefit to both parties, and of hV'meaniini '■'■ "portaiice as regards the advancement' of thePrb-.'" vince. Were this example followed 'by "others * r holding some of the principal busmes's' sites, 'any. fears those at a distance ma,y ; entertain.- as to the ' J rapid and sure advancement of this, ; the' youngest v ' and hitherto the most rising Province in New Zealand, may at once be' dispelled/ . Exorbitant fen* tals and liimted business cannot? agree; but let ,' the one be proportionate with : the other, and ";.ln* "' vercavgill may yet rank by no means unfavorably "with many chief towns of Provinces; 1 in New ' Zealand; of many years longer standing than that of Soutliland. ".*, ' ' - ' " "'. '' ; ' Invercargill' July, 15th, 1864. ; ', „' 7 Vi.-