ESTATES PURCHASED
LAST YEAR'S EXPENDITURE. . (Per Press. Association.) • ■ WELLINGTON, May 29. The Government spent £581,828 last financial year in acquiring and subdividing estates under the Land for Settlements Act. To meet this expenditure debentures were issued to the amount of £306,000, £340,183 was derived in rents from, estates, £135,664 from the- sale of Crown lands, besides other sums, making a total of £1,052,981. This enabled the estates to be purchased. Fifty thousand pounds' worth of debentures was redeemed, £247 ',689 was paid in interest, £67,410 was applied to sinking funds,' and a cash balance of £64,297 remained at the end of'the year. The principal purchases were as , follow : — --■£-■ Ardlossa Estate ... ... 33,433 Blackraggan (M. Henry and B. ' Henry) ... <;. ... 14,207 Clareview (D. Buckley) ... 10,356 Fortification Hill (D. W. Wes- ; tenra and W. and T. .^V,ash- , ' 1, . bourne) ; V,., ■•..■-..,:^- .;. 11,283 Hatherlea (J. R. McDonald and ' and M. A. Bartholomew)... 21,173 Hillersdeii, MarlborougM (trustees of late T. Carter) • ... 168,703 Howard (J: Kerr) ... '.. 4,405 Knowsley Park (Mr\ Matheson) 19,162 Lansdowne (Ml Croucher and' D. M. Sutherland) ... 30,061 Lynton Downs (T.Harrjsori) ... 42,714 Maori Hill (D. Cameron) , M 25,742 Ohauiti (E. Revell and H. ; J,- ■ Rowe) ; ... ... .... 18,456 Poroporo (A. J. Stonewigg, O. H. and H. H, Beetham)... 39,868 Springlrill (L. M: and A/.V. L. Rhodes and L. B. Variance) ; ... 54,984 Tara (R. Meredith) ... ... 32,012 Tariki (G. Bee) ... '...'... 11,316 Te Puke (A. Rattray and-R. . . ' R. G. Rattray) ... ... 9.387 Waiarikiki (A. S. McAuley) ... 18,511
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Bibliographic details
Ashburton Guardian, Volume XXXIII, Issue 8851, 30 May 1914, Page 3
Word Count
235ESTATES PURCHASED Ashburton Guardian, Volume XXXIII, Issue 8851, 30 May 1914, Page 3
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