LAND DEAL "OFF."
OWX-ER WOULD NOT TAKE 4 PER CENT. BONDS. Masterton, October 27. Some weeks ago Mr. A. J. Stonewigg offered his Poroporo property, near Masterton, to the Government for closer settlement purposes. Yesterday Mr Stonewigg received word that the Government would only purchase 1700 acres of 3000 acres at £l2 10s per acre, and instead of paying cash the Government desired Mr. Stonewigg to take the value of the money out in t per cent, debentures. Mr. Stonewigg has promptly declined what is considered a ridiculous offer. He could have sold the property to two buyers while it was under offer to tho Government, but preferred to give the ■ Government a chance to fulfil its election promise that they would assist closer ' settlement in the distrit.
During the election the Ward Govern- I ment was severely criticised for not pro- : moting closer settlement in the Masterton district, but political circles are now beginning to think that Masterton will receive no better treatment from Mr. Maney. Even supporters of the Government condemn the offer made in connection with the Poroporo estate.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19121030.2.52
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, Volume LV, Issue 139, 30 October 1912, Page 6
Word count
Tapeke kupu
182LAND DEAL "OFF." Taranaki Daily News, Volume LV, Issue 139, 30 October 1912, Page 6
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