LAND BOOMING.

Dominion, Volume 4, Issue 1034, 25 January 1911, Page 4

LAND BOOMING.

THE POSITION IN. AUCKLAND. (By Telegraph.—Special Correspondent.) Auckland, January 24. The Mayor of Auckland (Mr: L. J. Bagn-all), interviewed regarding the remarks of the Mayor of Wellington on the question of laud booming, said there was always the danger of people becoming over optimistic when times were good. In this-respect he was inclined to concur with the opinion expressed by Mr. 'D. v M'Laren, M.P. "It is natural that people who want to dispose of property should look td do it when times are good," said the Mayor. "But there is the risk of people being lured into speculations with the idea that things will still further improve. Sellers arc willing to let property go on small deposit with principal and liability to be defesr.ed. If it .should happen that a reverse in property takes place, even of a temporary character, it is possible that those who have been. speculating will find themselves in difficulties. So far as I can see, that is tho'one danger before us in Auckland. •• There is a very, extensive area available for legitimate settlement in residental quarters, and large openings • for business buildings. Likewise there is unquestionably a strong demand for rural lands, especially land suitable for dairying. That is a healthy demand which will be maintained with the steady and assured development of the province, but it is a mistake for people, to buy unless they really need the laud. No matter how Auckland expands there' will always be room for further development. There is never lively to be ally scarcity of land in the vicinity of Auckland for suburban settlement.