LAND PURCHASES.

Lyttelton Times, Volume CXV, Issue 16564, 30 May 1914, Page 12

LAND PURCHASES.

PRICES OF ESTATES. [From Our Correspondent.] WELLINGTON, May 29. The Government spent £531,828 last financial year in acquiring and subdividing estates under the Land for Settlements Act. To meet this expenditure debentures were issued to the amount of £306,000, £340,183 was derived in rents from estates, £135,661 from the sale of Crown lands, besides other sums, making a total cf £1,052,981. This enabled the estates to be purchased. £50,000 worth of debentures was redeemed, £247,689 was paid in interest, £67,410 was applied to sinking funds, and a cash balance of £64,297 remained at the end of the year.' The principal purchases were ns follow: —Ardloss'a Estate, £33,433; Blackraggan (M. Henry and B. F. Henrv). £14,207; Clareview (D. Buckley).' £10,356; Fortification Hill (D. W. Westenra and W. and T. Washbourne). £11,283; Hatherlea (J. R. M'Donald fliid M. A. Bartholomew), £21,173; Hillorsdon, Marlborough (trustees of late T. Carter), £168,703; Howard (J. Kerr), £4405; Knowsley Park (Mr Matheson), £19,162; Lansdowne (M. Croucher and D. M. Sutherland), £30.061; Lynton Downs (T. Harrison), £42,714; Maori Hill (D. Cameron). £25,742; Ohauiti (E. Revell and'H. J. Rowe), £18,456; Poroporo (\ J Stonewigg. O. H. and H. H. Beetham). £39.868: Springhill (L. M. and A. V. L. Rhodes and L. B. Valance) £54.984: Tara (R. Meredith), £32,012; Tnriki (G. Bee), £11.316: To Ptikft (A. Rattray and 11. R. G. Rattray), £9337; Waiarikiki (A. S. M'Auley). £18.511.