LEASING THE OTAGO RUNS. [BY TELEGRAPH.—PRESS ASSOCIATION.]

Waikato Times, Volume XX, Issue 1662, 1 March 1883, Page 2

LEASING TH E OTAGO RUNS. [BY TELEGRAPH.—PRESS ASSOCIATION.]

The sale of leases- of- runs was well ' attended to-d-ay. In all sixty-seven runs wero ofiemlfj;be present rentals of which . amount to £13,60,!)., Of these fifty were sold at a lental of £17,333, while seventeen were passed in without a bid over theiv present- "fdutals'. of '£23oBl These latter will require to be dealt with on a f utni c i pccasiou. k ,-,Of the, , fifty .runs v that wcrc 7 sold seventeen fetched higher prices than' before, while thirty-three fetched only the upset price. The most spirited bidding was tor the six sub-divisions of the two 'Wai kouaitis. i These were run nip from their present rental ,of ,£1612 to £2590 per annum. Some of the runs in the neighbourhood of Lakes Mauapouri and Te Anau did not seem to be much &ought after, one- of 27,000 acres., the upset rental of \vTiich*was jpiily £10,i'di(l not elicit a bid. /and aiimtier -of 49,^0(3 acres, with an upset of £52, met'th€feaif& fate". -The "sale i.to-moiTOWo wheri»pastoral deferred payment, country will-be offered./ \ '"■"••!' Last Night. Eighty thousand acres 1 /"of ''deterred payment pastoral lands at the upset price of 20s per acie were ottered to-day, being divided into 3G sections of 1 5 thousand aci es, passed in. The rest, 2S sections, sold at an average of about ,.3os per acre, the ; Ingest price being 60s. The' total realised by the sale was £114,460.