"PAKOWHAI" ESTATE.

Dominion, Volume 5, Issue 1336, 13 January 1912, Page 8

"PAKOWHAI" ESTATE.

\ SOLD BY DALGETY AND CO. Tho keen demand existing for first-class land in small areas was evidenced by tho exceptionally large number of buyers who attended the salo at Hastings on January 10, of tho subdivision of tho "i'akowliai" Estate. The sale was conducted at Hastings by Dalgety and Company, Limited, and Mr. J. It. Ipniuze, on behalf ef the owners, and before the advertised time of starting it was seen that buyers had como in large numbers from far and wide to embrace tho opportunity of purchasing part of what is undoubtedly tho finest land in the Dominion. Unfortunately, tho announcement made in the local papers on the day of tho salo by the ilawke's Bay -Rivers Board (hat they intended to take under tho Public Works Act twelve of the sections, affecting 41G acres, considerably militated agrfinst the sale. Notwithstanding this, however, the fixture was without doubt (he most largely_ ottomled land sale yet lie'.d in Hawke'sßay, the seating accommodation of the King's Theatre being taxed to its utmost. The owners decided to submit the whole of tho sections and to indemnify purchasers airainst loss in the event of (ho Rivers Board carrying out its intention. Bidding was spirited throughout, and it .was at once apparent that a particularly keen demand existed for first-class land in small areas. The lotal area of land submitted was 1020 acres divided into 3D sections. Tlio following sales were effected:— Lot 1, CS acres, Fred Tloward, ,{.12 10s. per acre. Lot 2, 20 acres, P. J. Murphy £51 per acre. Lot 3, 20 acrrss, P. J. Murphy, .£sl per acre. Lot -1, 5 acres. James Johnson. .-CfiO per aero. Lot 5, 5 acres. S. M'Kuilev. ,£fifl 10s. per acre. 1/)t (i, 0 ncros. Ft. F. Russell. .£G2 UK per oc.ro. Lot 7, 6 acres, A. Miller. .COR per acre. Tot 8, 7i acres, C. E. Arkwright. ,£OB jy>r acre. Lot 9. 7 newt. Fourmvu Bros. .£SO per acre. Lot 10, G? acres, Feunieau P.tr.s.. ."GO 7>er a ere. Lot 11. 9.1 ncitv=. Tli»s. Macrae, .£1" lA '. per acre. Lot 1? 9J acres, It. A. Wilson, .£55 10s. per aero. Lot 13, 9i acres. Skews and Broad. ,£(H per aero. Lot 14, 01 acre*>. ,T. J. Keating, .£SG ner acre. Lot 15, 0 1 . acres. F. Troward. jCGt 10s. per acre. Lot 1G !H acres. IT. A. Wilson. .£55 per acre. Lot 18. 1G acres. ,Tas. Tipping, .£57 10s. P«r acre. Lot 10, 17 acres. Jns. Tipping. .£53 per <icre. Lot 20, 1G acres. Jas. Tippin?, ,£57 10s. per acre. Lot. 21. -17 acres, Jas. Tipping. .£53 per acre. Lot 22 17 aero, A. E. Tucker, .£55 10-;. per acre. Lot 23, 19 acres. A. E. Tucker. .£55 psr acre. Lot 35, 7 acres, J. Cnwidv. J7-t per acre. Negotiations are now in progress for the unsold seetions, and it is anticipated that thc-qj will he disposod of in tho courso of a. few days.