SALE OF EDUCATION LEASES.

North Otago Times, 15 April 1907, Page 4

SALE OF EDUCATION LEASES.

The National Mortgage and Agency Company of New Zealand, Lir'Ued, on Satuiduy submitted at auction the leases of a number o£ Waitaki High School endowments. There was- a largo attendance of farmers and others anxious to secure land, ami though the Board of Govcruois hod increased the upset rental in every case, the competition sent several rentals up to much higher figures. For the 700 acres adjoining the CoiTiedalo Eutate, and uu-til lately worked in conjunction with that property, Hie bidding started at (is per acre, an-d quickly mounted to 10s tid, at which figure It was knocked down to Mr W. Gardiner, of Island Cliff. There was also good competition tor tlio section at the Elilci'slic sol Uemont, which went up from 7s (Id to 11k :Ut before Mv Thomas Hepburn, of Windsor, secured it). The following are the -details of the sale :

Sections 21 anil 22, block 0, Awamoko Survey District, containing 237 ; acres 3 roods 30 poles ; upset annual rental, Ms Gd per acre; valuation for improvements, £SOO 10s,—Mr A. Kennedy, Windsor, upset), j Section 3 of 45, block 3, Oamaru Survey District, containing B0 acres ; upset annual rental, 12s per acre; valuation for Improvements, £53 10s. —Mr G. It. Cox, EnMd, upset. Section 1 of 45, block <l, Oamaru Survey District, containing 40 acres; upset annual rental, 15s per acre ; valuation for improvements, £69 19s. —Mrs Falls, South Oamaru, at 17s 3d per acre. Section part 1 of 30, block 4, Oamaru Survey District, containing 10 acres 1 roo.l 19 poles; upset annual rental, 5s per aero ; valuation for improvements, £2!> 10s.—Mr H. Winslcy, Waiareka, upset, Ejection part 1 of 30, block *l, Oamaru Survey district, containing 7 acres ; upset annual rental, 25s per acre; valuation for improvements, £2l 15s.—Mr John Williams, VVaiarcka, upset. Seotion 30, block 5, Awamoko Survey District, containing 700 acres 3 roods 34 poles ; upset annual rent, 6s per acre ,;i valuation for improvements, £IOC Bs.—Mr Wm. Gardiner, Island Cliff, at 10s Gd per acre. Section sa, block 10, Elderslic Settlement, Awamoko Survey District, containing 117 acres 2 roods 17 poles ; upset annual rental, 7s 0d per acre; valuation for improvements, £BS 9s.~Me Thomas Hepburn, Windsor, at lis, Sd per acre. Part ot section No. 0, block XXVIII., Toivn of Palmerston, containing 21 poles (moro or less) ; upset annual rental, £5 per [annum; valuation for improvements,| £2G2.— Mr R. R. Cameron, Palmerston, upset.

oi section No. 9, blocV XXVIII-, Town of Falmerstbn; upset annual rental, £5 per annum, Valuation for improvements, £3OO. Mr Wm. M'Leod, Palmorston, upset.