SALE OF EDUCATION LEASES.

Mataura Ensign, 25 January 1911, Page 6

SALE OF EDUCATION LEASES.

INCREASED RENTS. At Invercargill yesterday Messrs W. Todd and Co. offered for sale, on behalf of the School Commissioners of Otago, a number of runs in the Southland district, the leases of which are about to expire. Of the seven areas disposed of in four cases substantial increases of rent were obtained, as will be seen by the figures below. Great interest was shown in the sale by pastoral and commercial classes, and about sixty were present. Competition was keen for the four runs referred to, and the advances iii bidding taken by the auctioneer could not be less than £lO. The sale was {rot through in good time. The term of the leases is 1 i years. The following acquired the runs at the prices stated : Run 327 a and sections 11 and 12, block 10, Waikaia, area 15,508 acres; upset annual rent, £225 ; valuation for improvements, £1864. W. N. C. Bond, at the upset. Run 327 and sections 33 to 38, block 8, and 3 to 6, block 12, Waikaia, area 9870 acres; upset, £lB5 Is 4d ; valuation, £l7l 125.—8 Tripp, £3OO. Run 327b and sections 15 and 16, block 7, 39 to 41 and 43, block 8, 1 to 4, block 11, Waikaia, area 8521 acres; upset, £231; valuation, £BB.—J. Tripp, £350. Subdivision 1 of run 166 a, Takitimo, 5848 acres; upset, £146 4s; valuation, £149.-P. Studholme, upset. Subdivision 2, 3 and 4, of run 166 a, Takitimo, 7820 acres; upset, £228 Is Sd; valuation, £39o—lda Studholme, £4lO. Subdivision 5, 6 and 7, run 166 a, Takitimo, 7853 acres; upset, £212 13s 8d; valuation, £2o7.—Wm. Affleck (Otautau), £4OO. Section 1, block 1, section 3, block 2, Mararoa, and sections 6 to 13, 20, 23, 26, 27, 29, 32, 37, 38, 39, 50, 51 and 1, 2 and 3 of 57, Takitimo, 8519 acres; upset, £763 8s lOd; valuation, £l9l. Robert Elliott (for Plains Station, Limited), £763 8s lOd.