LAND SALE.

Gisborne Times, Volume V, Issue 22, 28 January 1901, Page 4

LAND SALE.

THE MANGATU AND TAHORA LEASES. ; ; There was a large attendance at the Theatre Royal on Saturday morning, when Messrs Williams and Kettle and Wyllie and Mason offered for lease a number of sections in the Mangatu Nos. 1,3, and 4, and Tahora blocks.

Mr W. L. Rees opened the proceedings by reading the conditions of sale. He also said a question had been raised as to the possibility of tenants having to pay Native duty in the event of their wishing at the end of twenty-one years to renew their lease at their own option, But the trustees held, on the advice of their solicitors, that the land was European land to all intents and purposes, and therefore not liable to this duty. The point, however, had not been settled. Section 10 had beeu reserved by the trustees, and they agreed, in the event of the property not being parted with, to do half the fences on the boundaries of that section. Mangatu No. 1.

Mr A. F. Kennedy opened the sale and offered section 11, consisting of 620 acres, which was bordered by the Mangatahu stream. It was started at sixpence per acre per year and ran quickly to Is 4d, when it was knocked down to Mr Tulloch, another bid being received but it was too late.

Section 12 consisted of 1000 acres, and was on the other side of the Mangatahu stream. It brought keen competition, and was secured by Mr Tulloch for 2s 2d per acre.

The thirteenth lot consisted of 1080 acres, and was purchased by Mr Tulloch at Is lOd.

Number 14 was a fine holding of 1020 acres, and Is was the first offer. Advances of a penny followed in quick succession, and the land was knocked down to Mr Hegarty at Is 5d per acre. For lot 15 adjoining, there was keen competition, and it fell to Mr Collinson for Is 4d per acre. Bidding was a little slower as number 16, consisting of 1540 acres, was put up, and no better bid than Is was received, at which figure it was sold to Mr Matthews. Lot 17 was described as a beautiful holding of 2170 acres, and was started at sixpence per acre. There being no advance the property was passed. Number 19 had an area of 2340 acres, but there was no bid, and it was accordingly passed. Lot 20 was in the Ngatorcterc special district, and comprised an area of 2820 acres. There was no offer.

Lot 21, for 3660 acres, described as bush land, was also passed.

Section 22 was passed. Lot 24, containing 3180 acres, adjoined the first sections put up, and 6d per acre was quickly offered. In penny bids it ran up to lid. Mr Kennedy offered to sell it at a shilling, and it was taken by Mr Hegarty. Section 25 comprised 3370 acres, and partly adjoined Mr Partridge’s property. There was no bid, and it was passed. For section 26 there was one offer of 4d per acre for the 2530 acres, but this was not accepted. The remaining lots of Mangatu No. 1 were passed. Tahora. - Messrs Wyllie and Mason offered Tahora, but none of the properties were sold. The total land quitted was 9540 acres. Messrs Jackson and Carroll, the trustees of the property, are now open to receive offers for the lots passed.

Section 6, Mangatu No. 1, has been disposed of privately to Messrs Allen and Co. at 6d per acre.