LAND SALES.

New Zealand Gazette and Wellington Spectator, Volume 25, Issue 3, 25 April 1840, Page 2

LAND SALES.

For the instruction of those who are not acquainted with the sales which took place in London, under the title of the "First and Principal Settlement of the New Zealand Land Company," it may be well to make the following brief statement. The Company opened a book for the names

of purchasers to. the extent of 100,000 acres •of country land, and 1000 town acres.' To this quantity, 10,000 country acres and 100 town acres were added, to be kept as reserves for the use of the natives." The whole was then submitted to "chance, and drawn for accordingly. ' Every • drawing was for 100 country acres and one hown acre. The price of each choice or sextion was £100, of which 75 per cent was to he expended upon emigration to this settlement. The Company further pledged themselves to give to these first purchasers the very best land to be found in their territory, and to do all in their power to render it the most important of all their settlements. Our record of sales here will, when not expressly stated, have reference to the resale of these country sections and town acres. Five sections with their town acres, being choices between numbers 200 and 300, have been resold to a Sydney gentleman, for £1365. One town acre, a high number, was sold at £40. . • ' • One fourth of town acre number 29 has been sold at £100. Right of choice number 287, town acre and country section, for £300. . We are sorry to find that some persons are inclined to state the sales of land above the price actually paid. This is unwise ; instead of puffing our lands, let us shew that we are entitled to a reputation for honesty, industry, intelligence, and perseverance. With these qualities, ' and the natural resources of New Zealand, we cannot fail to .succeed fully as well as rational persons can reasonably expect to do.