USELESS ENDOWMENT
LEASED AT THAMES To be saddled with endowment land that is not producing: revenue is the position of the Thames Borough Council. The borough’s endowment is at Wairongomai, and the greater portion of it is only fit for flas-growing. In its present state the land is useless, and is going back: the council cannot afford to improve it. About £4OO worth of cut table flax is at present on the land. The Finance Committee has brought forward a proposal, which the council has adopted, to lease the land for 42 yearsThe lessee is required to spend £ o.OOU on the property in the first five years in draining, scrub-clearing and eradicating noxious weeds, and the erection of buildings, and also to pay £4OO on the signing of the lease.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19271018.2.31.1
Bibliographic details
Sun (Auckland), Volume I, Issue 178, 18 October 1927, Page 2
Word Count
130USELESS ENDOWMENT Sun (Auckland), Volume I, Issue 178, 18 October 1927, Page 2
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