Page 2 Advertisements Column 4

Taranaki Daily News, Volume XLVI, Issue 209, 7 September 1904, Page 2

How a moderate capitalist misses becoming a millionire.—ln reviewing the rise of property in New Plymouth during the. deriod 1890 to 1904 it was possible for a £IO,OOO capitalist to lie on a fair road of becoming a millionaire, and it causes much study to-duy before anyone can bo in a position to say that the opportunity ling now gone by ; when wo come to consider that tho whole of the freehold in the borough of New Plymouth contains only about 347 acres—lo4 acros central ward, 89 acres western ward, 159 acres eastern ward—one-fourth of the total area of which could have been purchased for about £17,000 unimprovvalue within the period mentioned, which has increased to a present saleable unimproved value of about £222,000. Many residents remember a few years ago sections in Hjne-st. were looking for buyers at £ls a section. Are there any sellers at £250 a section to-day ? Wo havo no local industries that tho cause of this rise in value can be attributed to It is practically tho prosperity of Taranaki which tho syndicate known as tho Crown Dairy Company was the means of starting. There are no enterprising capitalists in New Plymouth up to tho present. It cannot be long before capitalists will turn their attention to what is the greatest colony in tho world. Labour will follow capital. The population will increase, and when wo consider that the total area of our borough could bo held by about 300 persons with a littlo over an aero each, and rising in value as it has done with a population of tiOOO, what will bo the value when the population reaches 20.000, with large industries? Property values in New Plymouth aro "east iron ; " depression can never nlTect them. Depression should cause unify, and wi(,h unity wo enn drivo Tnrannk> to prosperity. H h estimated ' that the firzt direct stcamor would ' cause an increase in value of Tarn- ' naki proporty o. - £500,000. Person. ' ally wo should say now is the time ' to acquire freehold; if only on a small < scale. Callnghan and Co. can olfer ' opportunities of securing homes with ' small deposit, and in situations that ' the caintalistf will want shortly. ' Again, in 1908, what will be the va- < luo of sections m the Veale Estate ' at the expiration of the harbour ' loan.* 11