PARLIAMENTARY NOTES.

Hastings Standard, Issue 82, 31 July 1896, Page 3

PARLIAMENTARY NOTES.

IN HOUSE AND COUNCIL. [By Telegraph] (From our Special Correspondent, i Wellington, this day. Mr Rees, ex M.11.R., who with the Hon J. Carroll, were appointed trustees of Wi Pere's estate, is at present endeavoring to arrange matters in connection with the estate. It is found that the estate is too big an affair for two trustees to manage, and Parliament is to be asked to set up a Board of Management under the Lands for Settlement Act. Estates purchased to the 31st March last numbered 28, containing 86,919 acres, the cost for purchase amounting to £*377,558 6s, to which has to be added £11,761 lis 7d, cost of roading, survey, and administration, &c., to March 31st. Nineteen estates have been sub-divided into various sized farms and offered to the public, with the result that the greater part of them have been selected and numerous settlers are now residents thereon. At the date of the return there had been erected 188 houses, occupied by 641 goals, who had made improvements valued at £18,022 6s. The rentals are bringing in 4-76 per cent on the sum sunk in the estates, namely —£209,550, which leaves a surplus after paying interest on the money raised for their purchase.