THE Manawatu Herald. FRIDAY, MARCH 28, 1879. THE LAND SALE.

Manawatu Herald, Volume I, Issue 61, 28 March 1879, Page 2

THE Manawatu Herald. FRIDAY, MARCH 28, 1879. THE LAND SALE.

The success of the great land sale held at Feiliing on Wednesday last, on bohalf of the Emigrant and Colonists' Aid Corporation, must have been very gratifying to the promoters. Buyers assembled at Feilding from all parts of the Manawatu, Eangitikei, and Wanganui districts ; there were also present several purchasers from other parts of the Colony, notably from Wairarapa* A great feature of the sale was that comparatively speaking none of the land offered was purchased by speculators. The high upset price, and the binding conditions as to improvement, effectually prevented anything like speculative bids being given ; in fact, it could be seen from the appearance of the men, as each buyer passed up to the clerk's table to give his name and pay the deposit, that the land was bought by "hornyhanded sons ot toil " to make homes out of their purchase for themselves and families. The result of the sale has shown that a great demand exists for agricultural land, and that good land, sold on favorable terms, will command a high price. Some of the rural land itf the Manchester Block, was sold at nearly double the upset price, which will show the high value set upon it. As indicating the bona fide character of the sale, and its probable effect in promoting settlement within the district, we may remark there was an evident disinclination on the part of buyers to invest in town lands. Only three sections in the township of Ashurst were disposed of, and one in Cheltenham, no offer whatever being received for any sections in Stanway. Coming at such a period of depression, the success of the sale is the more remarkable, and clearly shows how valuable land in this district will become. A 8 will be seen in another column, which contains a full account of the sale, the total amount realised was £30,500.