THE STARK PURCHASE.
Tho following evidence with regard to this property, which cost the Government some £17,000, was riven before the Com misstn yesterday ny Mr Henry Ashton, laid agent Hi hado’Ulnaly sold the Stark pn perty to Stark in 1881, 28 acres a 1 £6O an a;re, and seven Sect!" a on the opposhe side of the road to Sta-k’s at £45 an acre. Subsequently laud, house, and outbuildings wei?" offered f>r £3OOO, quarter c ist The offer ws in Strrkshanlwrit n>/. This offer included and for £?500; one-fourrh cash, balance at three years at 5 per cent. ; and a third proposal Stark made to him for sale was for the house and 20 acres for £SOOO Ho could not sell at those prices, and Stark withheld the offers from him in 1884 or the beginniug of 1885 -lark subsequently -sked him to g > to Regs to get 'he negotiations concluded with him at £25 0 for ten acres. Witn'S< believed tieu Stark would have taken £4OOO, as ho wanted the money. Between 1883 and 1885 property narl depreciated, aud was at its highest When ba offered it in 1883 at £SOOO The price which St irk "aid to him f t 25 acre' originally was £ISOO ; the whole coat of the pmoH-ty to Stark, with improvements, was £3500
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Bibliographic details
Ashburton Guardian, Volume V, Issue 1371, 15 October 1886, Page 2
Word Count
220THE STARK PURCHASE. Ashburton Guardian, Volume V, Issue 1371, 15 October 1886, Page 2
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