THE WAIKATO LAND ASSOCIATION.

Waikato Times, Volume XIV, Issue 1219, 22 April 1880, Page 2

THE WAIKATO LAND ASSOCIATION.

Important Scheme of Settlement. We hay6'bd'en permitted- toperuse 1 a copy 'of the prospectus 1 ' of the W aikato ■ Land ' Association, issued' in London for oirculation at home only, juot prior to the departure of the last mail. The proposal is to extend the operations of the existing Waikatc Swamp Company by the purchase and drainage of further areas of land, in addition to that already dftfned* '. and\to tsetjtle the-, V n ole "with small farmers. The prospectus "points out I that in May last' when a valuation of the prpperty was made it ,was found fco be worth £259,000 but' that' since then a further 'sum of £30,000 fyojild have been spent in imprd vements,^ thereby raising the value to £300,000. The prospectus . then <m"to' describe the position and quality of the land, its proximity to HanftltBtt'/ f and" 1 its ' advantages in the matter of railway communication. The proposed scheme is that 90,000 acres of: land of the Company should be sold for rfeonltfderation of ;83Q0,QC|0 to pe^P^d .o n January Ipt'byitb^ijfue of 30,0(fJjpiare8, of £20, £10 being paid up. Half the capital of » the Company ,thus raised is to be expended in the purchase, of lantf, * and £150,000 %ther may be raised on mortgage, oy' debentures secured on the 1 ' hind and' unpaid capital on their conveyances to the Now Zealand Loan and Mercantile Agerioy Company. "The total papitial of the Company,, however s is set down at £600,000 in £30,000 shares of £20 each, and the pro visional" directors are Mr Thomas Husnell, Sir James Fergußon ?: and'MrMundetta, MJP. The new Cqm,1 pany was registered on the 24thDecember last. The properties acquired} drained, and partly- ouitivatd are the following: 1 22.0Q0 acres-; .KJoinqkorau, 17,000; Eureka, 14,000 Tawhai, 1 1,000 and Hbkonui,' the area of which is not specified. • It, ip we, gathep from the report t© imprpye the means of oommunication over this block, and to gradually settle the whole df'the low-lying*' "country comprweTlnTiEeTiakQ'tlistrict so ,far aSrtheXJompanjr can_&cguire it, and it is astimat4dthaiiUelB^^ojßS|f¥l : reali^atioa of the scheme would introduce from home i into the provincial district of Auckland a capital equal to about half a million of money, besides a. number of practical farmers possessed of capital of their own, —Star.

Ix'liik b(?coine a common thing, in England to employ real holdiers an supers, io theatrical military spectacles.

The Bazaar held during Tuesday anil yesterday in Mr N. R. Cox's old store, .Kamijton. ,A$ r oiil of the Hamilton WesWyaa l OliCttm J Building Fund, has been a rao*t unqualified success, the sum. of £60 having been realised, even in thVsrf Ktedftiifa*s. Tlioiobißs wbifeitiatffe-!. •fully deeorotftd M4th-fl»w«wr>nd ■■ Mv-Qox» displayed his usual skill and taste in faffing |h^ gbodif and di?e*BiAA^lfe\pSnl with the 1 v&rletjr of fandy 'goou* whrcli .ooei ttie->eye. iff, .jpveiy^-directipa.^ ->Ihe^ ladies who presided at the various stalls were, Mesdainjijsi Gfjfbjble, Culnan, Ware. Meecham, llothwell," and tovell, assisted by the Misses (iribblp, Mand^r, llofH^ell, and' Lovell. Mr? 6nd ' msX>x rendered greaj; aBBi«tanc^^ ( t^e,^o*F-olfice, and the refreshment table was rendered raor6 !l thain"Wsdaliy f 'atl!i-a'tive' in being presided qvb* / by? JHeßdamas Gauden, French, and Murray. There was a larije attendance o| the gener*l p f ublio ( < aid tpe ;usisftl" mffld9, >.i&0., . osme 'Off . .despite > all. ; legitilrtUon. to vthe contrary, j .Yesterday^ evening, the fob .Was !ftt- it« -h^ighfe r.wh^n •Mr; John K«o«,fofftDiatiiig./a$ .auotioneer, disposed of ,,a.j<juantiity! of' fancy^oods, a^W«ttlti»ralproiiiv3^ Sip* i(i (i Th#,, members eiqthft, ,]3.miU(m, i bighl , Jufantry Band^ also gave their services, on bqth erenings andM^PPOttrsed ,sonic exoejlenfc' music, to ,4hefdej^gh^ x>ithosfi Assembled* ; : :>{ | - «j mepnbersioof.-the Wesleyan Churokjpnj.fthe.rgwiit oiuth^ir undertaking, not a little due to the'excel■lence'of Ift/e arrhngefmetfts of the managing committee, and the personal assistance pf th^ j^'^e.s ]V|r Bi)lj;/TJitffl^ liJT Jones, who took a lively interest aacfJiirorkpd heartily in making the affair a success, i ' Ojvitg.to(tih^Ui>r6'a«ibuijt'.df goods 6n hand the committee bave decided to continue the auction to-night. -