MOKAU LAND SALE.

Stratford Evening Post, Volume XXXVI, Issue 3, 8 May 1913, Page 2

MOKAU LAND SALE.

POOR DEMAND

[Per Press Association.]

Palmerston North, May 7

The auction sale of 25,000 acres, a portion of the famous Mokau estate, was held to-day by Messrs Abraham and Williams, with a good attendance, on behalf of the Mokau Coal and Estate Company, Limited. Five sections—Nos. 16, 3,5, 4, and IB—were sold under the hammer out of a total of twelve sections offered, at prices ranging from £3 to £4 per acre. One section reached the reserve, and the other four slightly passed it. The balance of the sections did not reach the reserve, which ranged from £2 5s to £3 10s per acre, and in one instance £4. They were accordingly passed in for private treaty. Some of these, since the sale, have been placed on offer, and enqtiiry is reported to lie active for others. It is anticipated that the balance will be disposed of at an early date.