LAND SPECULATION.
"Thero is more speculating in land than there is in scrip in this country at the present time," remarked ;t well-known officer of the Agricultural Department to an Auckland Star reporter. Farmers as a whole are not vastly interested in the weather or in the price of farm produce. They are just waiting for what they can get for their land. Buying and selling of land is going on to a- tremendous extent, and a big percentage, of those who buy only do so with a view to further trafficking. So it is that wo find land in Taranaki on which the bush was felled :30 years ago. and on which nothing has since been done except the laying of occasional fresh pasturage, selling for £oo and £G() nil acre. Land sold for £2O per acre in. Auoklaivd IS months ago is reselling to-day for £3O. The only explanation that offers is that the first owner must have sold it for £lO less than its value, and anyone who knows anything about the position realises that that is not possible in every case where a marked advance in price has taken place. Tliere is no doubt that land
trading is hong carried on to the detriment of legitimate farming."
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAG19121003.2.12
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Age, Volume XXXII, Issue 10712, 3 October 1912, Page 4
Word count
Tapeke kupu
211LAND SPECULATION. Wairarapa Age, Volume XXXII, Issue 10712, 3 October 1912, Page 4
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Age. 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