LORD DERBY'S ESTATES.

Press, Volume LXIV, Issue 19202, 7 January 1928, Page 13

LORD DERBY'S ESTATES.

SALE OP THE LIVERPOOL

PROPERTY.

(fbom ors, own comiespoxdext.)

LONDON, November 30,

The Earl of Derby, in a letter to the Mayor of Bootle, has explained the causes which led to the sale of his estate town and in the city of Liverpool. The sale was -completed a week ago, the price . paid ' to Derby Trustees for the lands being £1,750,ooo; .

"It was with the very greatest regret/' Lord Derby wrote, "that I authorised this transaction;-but my property being a strictly entailed one, I am bound to accept any proposal which my trustees may think, is in the intereat noj; of myself only, but of my successors.

"Ifl thought it would have been poseible for the estate to be handed down intact from my son to his son, as it has been handed down 7 to me, I should have offered grave objections, but I cannot help realising that on my death it would be necessary for. my son to sell much of it to pay the very heavy death duties, and it was advisable in his interests as well as my own, that the sale should take place during my lifetime rather than a "forced sale after my death. " "I hope you will not think that the sale .of the property means :a severance of the friendly relations which have always existed between the P eO PJ e , 0 * Bootle and the Lord Derby of the day."

At a-meeting-of the executive ot the Rangiora branch of-the',Farrows tfmon~hild last ; .night,,it. was decideo to -support =the recommendations ot the recent Wheat Conference. ' -i" ; A - -°V Carpenter--was appointed ihe representative of the Eingiora Brand on the Wheat Commit cef\ v ......