WILDEN ESTATE CUT UP
VALUE OF SECTIONS From Our Resident Reporter WELLINGTON, Today. In an interview yesterday the Minister of Lands, the Hon. G. TV. Forlaes, gave details of the cost of the Wilden Estate, in Otago, which was recently bought by the Government to be out up for closer settlement. The purchase price of the 10,1174 acres of the freehold and the owner’s interest in the lease and the Improvements on an adjacent pastoral ruin, making the total area 24.000 acres, had been £BI,OOO. In subdividing the estate for closer settlement, two sections, including the homestead block and itjs extensive improvements, were allotted to former employees, without competition. That left approximately 17,000 acres, divided into eleven sections, to be offered under ballot. These had been loaded with the usual subdivision costs. The total capital value of these sections. as offered for selection, is .2 74.460, equivalent to £4 7s 6d an acre.
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Bibliographic details
Sun (Auckland), Volume IV, Issue 931, 26 March 1930, Page 14
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153WILDEN ESTATE CUT UP Sun (Auckland), Volume IV, Issue 931, 26 March 1930, Page 14
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