The Progress of Wellington

Waihi Daily Telegraph, Volume IV, Issue 1029, 1 July 1904, Page 3

The Progress of Wellington

v Bio Lanii Scheme Local City Council Hakes Important Bargain Fly Telcarftph.—lTeiß Aisnciation. Wiminuton, this day. Thk City Council hcs boon off-.-rcd ft park of 4(i notes of Hat pound !l ' Mirmimr, ami also -197 seres of Wily ground in another pari of tho same suburb, on condition of tonnccting thorn by electric trains with tho city, tho same line to serve both fur i, considerable distance The least value of tho land at present prices is übom •• £7fi,ooo, end it is likely to ri.«o hugely. Bo'h are part of tho Miramar estate of 1500 acres, which was olfercd to the Council for A' 75,000 two years ago, but the «alo wan prcvemod by interested politicians and opponents, and tho same land is now being sold by private eyndicivcs. who mapocd it up fur prices ranging up l'' MO per acre, The city libh lost a cool half million by the short-sighted action of those who opposed the sale. The Council last night accepted tho present offer, r.ml will goto ' the ratepayers for tho necessary loan to bui'd tho trams.