CULVERDEN ESTATE.

Dominion, Volume 1, Issue 154, 24 March 1908, Page 7

CULVERDEN ESTATE.

COMPULSORY ACQUISITION. 1 AWARD ■OF THE COMPENSATION. COURT. .1, . Amount Claimed ' ... !.. . £160,637 Amount Awarded ... ... £119,450 (BY TELEGRAPH—rRESS ASSOCIATION.) Christchuroh, March 23. The award of the Compensation Court in connection with tho. compulsory, acquisition of . tho Culvcrden estate by the' Government -for tho purposes of closer, settlement was given this afternoon.. Tho members; of tho Court were Mr. Justico Donniston (President)" and Messrs. J. Ronnio :aiid D. D. Macfarlano (assessors), . rcpresoirting tho Government and owners respectively. Mr. Stringer,, with him Mr. RuSsell, appeared for tho claimants, .and Mr. D. M. Findlay, 'with him Mr. Cassidy, for tho Crown. Tho owners . claimed £100.637 as compensation for tho acquisition of tho estate. .

Tho President stated, that tho, award had been arrived at by .a; majority' of , tho .Court, and tho award was to includo all tho suW jeets of tho claim in a lump, sum.; It was understood that of tho two amounts included in tho 'memorandum from 'both parties, £382 ss. and £168 15s. for. adjusting mortgages, Wero accepted by, tho mortgagee as settling any claim against, -the Crown, and tho Crown was freed from any liability on that account. ,-Tho award also included costs. • The award , also contained a declaration as to tho land tax contained in tho second paragraph of tho memorandum. • Tho Court awarded to tho claimants tho sum of £119,450, and fixed tho assessors' fees at £10 10s. for the four .days. Tho award would bo drawn up by tho Crown.

INTENTIONS OF THE GOVERNMENT, Yesterday tho Hon. R. M'Nab (Minister for-Lands and Agriculture) received the following telegram from Mr. D. ,M. Findlay; solicitor, who lias been watching, tho - in ;i terests of tho Crown in tho'assessment-'ol tho price to bo paid for tho Culverden'estato undor tho Lands for Settlement Act:— " Tho President " and tho claimants' assessors have agreed upon £119;450. This includes mortgagees' claims of £700 odd and all costs. Tho award for tho .land is on a basis of o.per cent, on tho land tax value of £113,000." The Minister stated to a Dominion io, porter that tho estate will now bo cut up and prepared for settlement without delay. It will be sub-divided .into, twerity-cight farms. Tho 'Minister is of opinion that the settlomcnt will prove a very prosperous ono, and that great impetus will .bo'given to the/ district. All tho twenty-eight farms will bo within easy reach of tho railway station, which is a great and uniquq advantage. Culvorden is at tho head of tho North Canterbury railway. So far ,1 great quantity of this land has been held in largo inns.' It has already been stated that tho number of applicants for sections is oxpectcd to roach, four figures. . . : ENFIELD 15 H.-P. MOTOR GAR. ; To discriminato is to decide. This well-known model is replete with all tlioso' refinements which road experience . can suggest,. and which critical drivers desire. Gate System of Change Speed Gear. Metallic Multiplo Bisc Clutch. Simple Control. Unique Accessibility. Provisions for Easy Adjustment. A Car of tho First Class, Popularly Priced. New Zealand Agents :-JNGLIS,BKOS., Willis Street, Wellington. Telephone Nos. 101!), 2-111, 271-1, l'.O. IJox 68. Garage, Harris Street, Wellington. Branch Deoot at Christchurcb.—Adv.'',