TAUMARUNUI LAND SALE.

Auckland Star, Volume XLIV, Issue 91, 17 April 1913, Page 7

TAUMARUNUI LAND SALE.

(From Our Own Correspondent) TAUMARUmjI. Wednesday; The long expected sale of Wanganui River Trust Lands took place, this afternoon in the Theatre Koyal. Mr Harper (of Williams and Harper, auctioneers, Wangaont) wielded the hammer. There was a large attendance of prospective buyers, about 300 ' being present. The conditions,of sale were read, providing' for a 21 years' lease, with a right of renewal for a further period of 21- years, prices bid to be the annual rental for the first term,-the rent for the sneeeedterm to be' fixed at a price not exceeding 3 it per centum on the unimproved capital value. A number of questions were asked regarding the conditions of lease, ! which were satisfactorily explained, especiallyclause No. 31, relating,. to.\ compensation; . the chairman ot the River Trust (Mr T. D. i Cummins) definitely stating that On the expiration of the first 21 years any. Incoming ; tenant would have to satisfy i the outgoing tenant as to payment for the letter's im- . provements before the Trust would grant the former n title. The auctioneer opened by. asking otters for section A, block IV. The upeet.was , fixed at 1/6 per acre. Only 1/3 was offeredj . and the section passed ln. From this time on, however, bidding was animated, .each ~, lot being subjected to keen competition, j and prices ranged from 1/C in theoase of ( the larger farm* to 3/ per acre, while the., smaller farms brought from 7/6.t0-2*5/ .per . acre. The 9to 13 acre lots gave all present an opportunity, and bids came in briskly, ' making Mr Harper's'task a very easy one, prices realised ranging from 13/6 for sec- „ tion 26 to 50/ per,acre for section No. 31; the average price for. the smaller sections ~ beins about 25/ per acre per annum. V The only section not quitted was the'first one offered. The sale is regarded as being extremely satisfactory. Tbe upset prices were reasonable, and. were exceeded,_a nearly every Instance, taken on the wn«e by- probably 40 per cent -■ .■ : " -''"..'' ■ITI ' A? the close fof the sale announced that section No. W i , w «* J . w "9iSj , hv the Borough Council, Stld the Kivff Trust were wlSng to let them hate It. at 12/6 P*™Ff<%?P™«tbe upset on behalf** the Council, but tmycrs w „,™' w Wm» £S ■ be ng run up to 26/6, M *J»Hng . the purchaseV. The complete results of the \ nftf* 3/ A. G. Riches; section C, 556 a -r IA A.'G Rlehes; section D, ,4065, 1/6, o'Schnlbergt'section B, 486ejr, 2/, and L. S. Ford: section F. aHtaj&v C. ; B lockver: section 6, 10a or, 17/, W. Hi • FieteherTWction 7, 0a lr 24p, 20/6, W.-HJ Fleteher section 8; 9a Or 20p, 20/,. B. King; section 9, 10a 13r, 25/, J. F. Smith; aecUon lO 10a 2r 38p, 27/G, 3. F. Smith; section 11, Oa' 2r Bp. 26/6, W. Lymn; section 12. 38a, 7/6. T. McKean; section 13, 37a, 8/8, F. Raven; section 14. 375,1r Mp. rington: section 15, 37a.0r 19p, 7/6, W. .A. Patterson; section 16. 36a, 7/6, John Mitie; Hection 17. 28a W. H. Fleteher; sec- ' tion 18, 49a 3r lip, 10/, John Maher; section 19, 30a lr 38p, 14/6, S. Sarah; section 20, 27a 3r 31p,'26/, J. Wbrrall; Section 21, 70a, 4/, 3. James; section 22, 51a Or 37p, 4/, ' S. Sarah; section 23,'57a Or 18p, 4/, J. J Wyllle; section.24; 70a Or 13p, 4/, John Maher; section 25, 13a Or 15p, 16/6, N. A. Winter; section 26, 13a Or 4p, 13/6, K. McGrane; section 27, 12a lr 2p, 20/, V. W. Meyenberg; section 28, 11a lr, 28/, L.-.J. Hansby; section 29, 11a lr 23p, 34/, A. J. Bray; section 30, 11a 2r 25p. 33/6, A.' J. Richards; secOon"3l, 10a Or'3p, 50/, J. JF. Smith. .',....- : The auctioneer announced at the. conclusion of the'sale that the River Trust would offer for lease another 4,000 acres on the right bank of the river opposite those sold to-day in about 12 months. Mr. D. A. Strackan, MJL; -«t pr«B«_t inspector of schoola in the M__ribor<ragfti district, has been appointod a*sist_u_tbispeetor tinder tin. H_ar_te_Bay BdootfimJßomria ' ' '•;-■•"■'■' •""■ ", l