DUKE OF BEDFORD’S LAND

Stratford Evening Post, Volume XXXVII, Issue 92, 18 December 1913, Page 5

DUKE OF BEDFORD’S LAND

A PRIVATE INVESTMENT.

[By Electric Telegraph—Copyright l [United Press Asroctat t on 1 London, December 17.

At the rate that the Australian Commonwealth paid for adjoining land, the price of the Duke of Bedford’s land would be £9,000,000. Other estimates are £1,800,000 plus the capital value of the Covent Garden halls, which produce £25,000 annually, and the ground rent of the Opera House and three theatres, which is £24,000.

The founder of the Bedford family obtained an estimate of the value of the land, which was £126 8s annnalv. The Duke sold 19,000 acres in Cambridgeshire in 1909, and 17,752 acres at Tavistock in 1911. Mr Mallaby-Deeley’s father is a wealthy Liverpool merchant. Frank Gurzon, the theatrical manager, is a younger brother.

Mr Mallahy-Deeley, when interviewed,stated that he is not hacked by a syndicate. The purchase is an entirely private investment The property will not he sold to a company. He desires not. to disclose the price. He does not fear Mr Lloyd George’s land proposals so long as they are not downright confiscation.

“A GOOD MASTER.”

(Received 11.55 a.m.! London, December 17

In nine years the Duke of Bedford has reduced his ownership from 87,000 to 41,000 acres. All the tenants at Covent Garden are weekly, and they regret losing a good master.