LAND SETTLEMENT.
OTAGO PROPERTY PURCHASED. j The Minister of Lands, the Hon. ;G. W. Forbes, announces that the | purchase has been completed by the j Government of a portion of Mr and . Mrs J. Beanie's property at Cambri- | ans, Central Otago, known as "The Downs," The area concerned is 4793 r , acres and has been purchased under j the group settlement system on be- . j half of .eight applicants, who are in j a position to commence farming opI crations as soon''as* their 'respective 1 sections are alloted to them. GrazI ing and mixed farming wildl be carI ried on by the new settlers. The j group system of land settlement en- • • abfes any intending settler to select jan area, which, if approved, is purj chased* by the Government and allo- ?: cated to the applicant, who is rej quired toi pay 5 per cent, of the cost. iHe holds a license to occupy and L ! is given the opportunity of acquiring the freehold in a period of 361 years on completion of the payment of the purchase money.
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Bay of Plenty Times, Volume LVIII, Issue 10357, 19 April 1930, Page 1
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178LAND SETTLEMENT. Bay of Plenty Times, Volume LVIII, Issue 10357, 19 April 1930, Page 1
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