GOST OF WILDEN
£4/7/6 PER ACRE MINISTER CONTRADICTS “ABSURD EXAGGERATION " [Special To the ' Star.’] WELLINGTON, March 25. Details of the cost of Wilden estate (Otago) acquired for closer settlement are given by the Hon. G. W. Forbes, Minister of Lands, in reply to an allegation that the cost was £2O an acre. “An absurd exaggeration,” says the Minister. The purchase price of 15,174 acres freehold and the owner’s interest in the lease and improvements of tho adjacent pastoral run (bringing the total area to 24,000 acres) was £BI,OOO. In subdividing for closer settlement two sections ’(including the homestead block and its extensive improvements) were allotted to former employees without competition. This loaves approximately 17,000 acres, divided into the eleven sections offered under ballot, which have been loaded with the usual subdivision costs. The total capital value of these sections .as for selection is £74,400, equivalent to £4 7s Gd per acre.
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Bibliographic details
Evening Star, Issue 20442, 25 March 1930, Page 6
Word Count
151GOST OF WILDEN Evening Star, Issue 20442, 25 March 1930, Page 6
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