MOKAU JONES' ESTATE
| A SETTLEMENT AT LAST. By Telegraph.—Press Association. Te Kuiti, Thursday. The Native Land Court held a specni. sitting yesterday to deal with the Mo-kau-Mohakatino block, commonly knowu as the Mokau Jones' estate, Judge Holland presiding. A settlement was reached on the following terms: —The Natives to receive £2.3,000 in cash and retain an interest of £2500 in the company being formed to develop the block. The Dominion says:—The celebrated Mokau Block Estate, about which there has been litigation for the past thirtyJive years, is reported to have been sold to-day by the Maori owners, numbering one hundred and twenty, to Mr. Hermann Lewis, of Wellington, for £•25,000, and 2000 shares in a Canterbury, Hawke's Bay and Manavvatu syndicate which, with £IOO,OOO cdpital,j is acquiring the property with the idea of further developing it and its shipping and coal mine deposits. The whole estate at the time of sale comprised 56,000 acres, of which 48,500 was freehold, and the remaining section, partly leasehold, has been leased to the new owners. By tlie terms of the sale the Native owners acquire a permanent interest in the property.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19110324.2.49
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, Volume LIII, Issue 260, 24 March 1911, Page 5
Word count
Tapeke kupu
188MOKAU JONES' ESTATE Taranaki Daily News, Volume LIII, Issue 260, 24 March 1911, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in