PROJECTED SETTLEMENT OF THE PATATERE LANDS.
According to the Herald, news was received in Auckland on Wednesday by cable that " the blocks of Patatere, acquired by a company, and of Whaiti and Kuranui, purchased from the natives by Messrs Dilworfch and Howard, had been sold to a company in England, who were at once to enter upon a large scheme of settlement. The terms of the arrangement which has been come to are not yet fully known in Auckland— indeed are not yet fully settled in London— but we beheye we are in possession of the principal points in the transaction. The purchase is to be at 32s 6d per acre, the amount to be payable as fellows :— Bs IJdto be paid iv cash, 8s l^d in twelve months, 8s l^d in two years^ and 8s IJd to be taken in shares in the company. Supposing the net payment to be 30s, and the acreage ot the blocks 220,00, this would make the purchase money £330,000."
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Waikato Times, Volume XVIII, Issue 1508, 4 March 1882, Page 2
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166PROJECTED SETTLEMENT OF THE PATATERE LANDS. Waikato Times, Volume XVIII, Issue 1508, 4 March 1882, Page 2
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