Sale of Mangapapa Block.

Gisborne Standard and Cook County Gazette, Volume I, Issue 86, 31 December 1887, Page 2

Sale of Mangapapa Block.

( a Monday week next, the 9th January, 1888, the public wfll have an opportunity B aeii M has, perhaps, never before been offered in this district of securing at a comparatively small immediate outlay of capital, suburban sections, such as cannot be surpassed tor the quality of the Bail, or tbs excellence tf the sites for building purposes, Meur, Graham, Pitt and Beunett, under Inriruotlcmj from Mr M. J. Gannon, will sell that pbrtlon of the Mangapspa Nook, known as subdivision No 8. This block has a frontage o! about 23 chains to the Gieborne-Ormond Road, and adjoins Gisborne North, extending back to the Mengapapa Road, inoludmg the rich valley land, unequalled in quality by any land even in thia fertile district. The block has been out up into lots, with the special object of enabli, g persons of moderate means of securing, upon remarkably easy terms, a freehold of their own. It ia, we believe, intended to plane a moderate reserve upon the various lots. The terms of sale are one fourth of the purohaaQ money to be paid at the fall of the hammer the balance to be paid, half iu three years} and the remainder in 6 yearo, bearing intereif at seven and a half per cent per annum. Tha land ia admirably subdivided into about fifty lota, varying in area from about one aero to nine acres in extent. Our readers will woollent the gigantic strides that Gisborne North has made with in leaa than the paat three years. Indeed, it seems almost incredible that three years have not Jet elapsed line* the Land Company’s first sale took place, and that with tbs exception o t B couple of wooden buildings where now stands Gisborne North, not a vestige of human habltation then existed. The land was in t w Ud unimproved state. It should be remembered; that these vast etridee ndw witnessed in Gisborne North have been made during a period of depression unexampled in the history of the Colony, I e augurs well for the soundness of the district that despite the vicissitudes through which the Bay be! passed, it has steadily moved ahead in th« path of prosperity. While the " Diamal Jim* ’ mies ” of the Colony are croaking front one end to the other, those who are odpbblb of discerning the true current of events do not fail to perceive that the colony ia on the eve of better things, and in no part of the colony are the indications ot a more favourable character than those that this district itself presents. The discovery of oil in payable quantities being now an accomplished faoti and last, but by no means least, the finding and opening up of a quarry of building stone not excelled iu quality by the best building stone the colony can produce, all indicate approaching prosperity. Apropos of the quarry we are reminded that its position is itu! mediately contiguous to the upper portion oi the laud shortly to be submitted to public auction. To those who look a little in advance of the present, it is a matter worth considering what Spring the Queuing up of the quarry would have upon the future value ol the land in its vicinity, It stands to reason that with an unlimited supply of ths raW material in the shape of building atone, sooner or later a marxet must be found for the article. Recollecting the ship loads of stone annually sent from Oamaru to Melbourne and other parts of the Australian colonies, representing some tens of thousands of pounds sterling, no earthly reason exists why with better material here, and greater facilities for quarrying aud exporting the stone, this diemot should not become a powerful rival to its more southerly neighbour, Oamaru. That point conceded, it requires nb great effort of the mind to realise that in the near IniuHl the q larry ou Wnataupoko will present a busy scene of labor, and that where a few sheep now browse an industrious population will be settled in the enjoyment of happy and contented homes. Already a large amount of interest has beau developed in regard to tha approaching land sale. Offers have also been made by a syndicate to purchase the block in its entirety, and numerous offers have been made to buy sections privately. In these instances the price offered has been ot a satis* factory character, but ths proprietor has de* termineil to abide by the public auction; that all parties they bo treated with the same spirit of fairness. During- the past weak oi two scarcely a day has passed but numerous visitors have paid a visit of inspsolion to the land. As ail the Motions are clearly defined on ths ground, lbs different lines being cot and the boundaries uiarued off, nd difficulty ia experienced in aeaertaining the character of the soil and the situation of the different lots. To still further simplify the labors at intending pAtohasCrs, or those who wish to inspect the land before sale, we send out with ibis issue of the bTANOAnn lithographic plane showing the area ot every section, Those who have uot-yet inspected tbs MangapaM No. 8 block should not neglect to do so. They can then judge tor themselves whether they feel justified io letting slip this exceptional chance of securing a little plot of land for themselves.