MASTERTON TOWN LANDS TRUST.

Wairarapa Daily Times, Volume 6, Issue 1751, 2 August 1884, Page 2

MASTERTON TOWN LANDS TRUST.

The usual monthly meeting of the. above was held in the Council Chambers last evening. Present—Messrs Hare (chairman), Perry, Muir, Gappey, and Bish. The minutes of the previous meeting were read and confirmed, and a credit balance of £460 7s lid was reported to be in the bank. A letter was readfrom Mr Dagg re the annual grant to the Fernridge school, asking that it might be made £ls instead of £lO, as previously, The chairman said he had spoken to some of the school committee, who told him that they thought £lO sufficient, Mr Perry thought it was sufficient. Mr Muir said that perhaps they wanted apparatus, and he thought they should be served in proportion as wel as the Masterton school, l Mr Bish thought the sum asked for ': was not a large amount. The school stood high in the annual returns, but ' still there should be a limit, or everyone ' would be asking for a grant. Mr Perry moved and Mr Gapper ' seconded—That £lO only be given, : Carried, Mr Gapper said that when such ' applications were made the applicants ' should slate the object for which the money was required, £ A letter was read from Mr M. ' Caselberg surrendering leases for Wai- l poua brewery, quarter acre near the * Cutbolic Church, and half acre nearly opposite the church; also asking that the rental under the new leasing f clauses should be favorably considered c by the Trustees. ut The Chairman thought they ought r not to_ depart from their rules and l regulations as regarded new leases; V ilso that it would be wise to advertise ihe rules for the benefit of the public. I Mr Bish said that under the new K •iiles a large number complained of G ligh rentals. It was resolved that Messrs Hare h ind Perry appoint a valuator far Mr * "aselberg's lease and report at next t neetiag, the secretary at the same time la nforming Mr Caselberg of the appoint- '„ uent, so that he could also procure a 'aluator on his own behalf, 0 I A letter was read from Mr Bunny to ecommending the Trustees to invest th he Greytown money in freehold My- Gapper considered that the Trust at leld too much town .property already, fo nd thought they should appoint a j£ ommittee at next land sale to buy a lock of from two to three hundred ores in the country. Mr Muir said perhaps ft might be Metter to invite men to offer their roperties, as, no doubt, they must sk r ait some time for the Government to la( ffei-land. jjj Mr Bish thought in buying bush mi tnd they would have to pay Govern- **

menfc feesunless it was improved, butan "N acre in town would increase in value at a rapid rate. The secretary suggested that the money be invested for six months in the Masterton Building Society, where they would have good security and 5 per cent interest. Mr . .§?J»peLp.rppoaed,;ind Mr Bish seconded, that the.sum'of £350 be temporarily invested in the' Society. Carried. - Proposed by Mr Muir and seconded by Mr Bish; That applications be invited from parties wishing to sell, and giving full particulars,of country property to the value of £3OO or £s& An amendment moved by Mfcfclapper and seconded by Mr Perry/That they wait until country property was offered by the Government, was afterwards withdrawn by Mr Gapper, and Mr Muir's motion was put and lost. ;..■ The secretary suggested that it would be best for him to tffte to Wellington for the date of nefP Government land sale, Mr Price wrote asking for a lease of 21 years for sown acre 111 ns he wished to build a residence on the ground, Mr Gapper said he saw no objection provided there was a reserve bid when the section was put up to auction, or the ground would probably be let at a nominal rental, j< . . Mr Muir thought the. :prioe would be larger if let in halkcrrsections. Mr Bish said it would be some years before the site was used for a shop. Air Gapper moved, That the reserve price should be £lO a year for the first seven years, £ls a year for the second seven years, and £25 a year for the last seven years. Mr Muir in moving as an amendment that the reserve should be LlO, L2O and L3O a year for the seven years respectively, said the property would doubtless inorease in value, Mr Muir's motion was then put and carried, Resolved-That the chairmad»Mr Perry and the secretary intervisTOlr Price on the subject. The Chairman said that he saw several horses feeding in the-Trust paddocks at Kuripuni, and thought such animals should be impoundjKfc Mr Muir asked if it. would advisable to call tenders for grazing. Mr Gapper proposed, That (ho ground lately leased by Messrs McGregor Bros, should be fenced. • Mr Muir recommended that the paddocks could be let for grazing, which would pay for the fencing, Hesolved— That tenders be called for fencing the two paddocks and for letting same for grazing purposes, Mr Hare gave notice of motion, That the question of advertising be taken into consideration at the next meeting of the Trust, The Borough Council appealed to have a good way of advertising, and he thought advertising in both papers was a great expense, Mr Bish thought they should Avise in the paper that has the ll|st circulation, and lie did not think they should go to more expense.'tlian was really necessary, Mr Muir thought they should^ advertise as to let everyone'see their announcements, but as thev notice was only given that night tlmy mus t leave • tlm discussion till the next meeting. The meeting then adjourned.