SPRING BANK.

New Zealand Herald, Volume I, Issue 52, 13 January 1864, Page 3

SPRING BANK.

: " Tin: j rice ft" lard in Auckland has reached its 1 highest limit." '1 Lis is an oj inion which wf nl- - ineii.lni" 10 have heard e>.; ressed. oven by the : know inr, ones, alter c erv lare.c saieaf allotments ! which has taken ) lace in Auckland and tin- suhi urbs ihninix tin-;.".-! li:ill-i!--.;-i n ol years. On | each several occasion il was .airly jr. dieted ll a ' thealloinien.' bnvi:!; public bad run mad. ami t ln* I hip!} ] rices realised wiit attributed I" 1 lie eliaini -.a'cne;Einil buttled a!i-]•:■;!'! r than toany fon-si^lii orcnmicon scn-e 1 u.-ine-s \ii\v en the; ait otthc i [unvha-iTs. ]-':u-Is ; -iicct -si\ c sal.' however disj j rovi'tl the truth <<l the.-, assertions, ami showed | ! hat the i rice of land iu< steadily ] roL'l'c--in:.':. jlt Minis luit the other day that'we heard tin' ioki-s ] a.-i'd u-} iin 1 'if ) uril,::sers of allotment - I in HuliM-nand Coo!;- stuets. where land fetched I In' iiicn I'lionmais j ricesof lvom t i to I'M is.] 1r tout. " Fool- and their money." it was said, •"are -non parlc.l. ' but >he>e >ann-" allotments would il ollcrcd for sale realise some 7<i per iTiit. nj mi 1 | rices j In- of t« ii \ cars apoand ari 1 still stendiU on tin.' advance in value. i In Se'tembcr ISiW. ilfuM-n months alio, tin' I M.'ssi's. Laurie's estate was brought into the 1 mai'kct. ami tin- lois i-f-»*l-1-<I "hat was then siiid ; to In- ,•! most alisiird price] er foot, lmt we know of oni" instance where C) ] it foot was ijivi'n privately for an allolmeni t'm'ii limiulit at auction . !•.'.-. t;d.', and only yesterday at Messrs. .'ones .V ' Co's. auction room-, allot incut- on i his same) lace. , which lilt, en months .-inc sold for eleven -hii- ! liiij-s and ten and six; ence ] i r foot resi ectivciy. I were resold for liiiy live shillini;s j it font, pivim; j on the frontage oi ill" feet a sum .if two hundred and seventy live | omuls as a return for an uutl.-iy lof lift vfourpounds.made til teen n thsaoo amlo'f j which only one fourth was paid in cash. Two j other allotments Ihhil'lil. liv the same individual, at .Mes.-rs. I.iiurie's sale in So],tcmlicr ISb.i, for j thirty-hiiliniis per fool were again re-old yestcr- | ilav in an advance oi' aliout 7" ] er cent. i To day .Mess)'-, Kidiues and howden will sell j by auction the prettily situated e-tatc of Sju-itu;-li-iiil. .".t tin- junction of the l'ousnnhy and liirhmond road. The w iiole piece of twenty two iicres. is an unbroken gentle slo; e. and commands a delightful view of the li]'].rr portion of (lie Wailemala. of the scenery itroimd Mt. Si. j John and av.av hack to the AVaiiakeivi ranges. , It has lieeii subdivided into 177 lots and there is i not one of these which is unsuitable lor buildim; i purposes, while many very many ol" them command mo.-1 beautiful anil uninterrupted views of the susrouiiding country and ol' the City itself. S] ring-bank is aj>] roached by a pood and level road anil in two or three years time will form a continuation of the tow n itself, at present it is situated at not more than twenty minutes walk from the business part of Queen Street, in tact, much the -time distance that the suburb ol I'arnel! is uii the eastern side of the town. The laying out ol'lhe estate lvllccts aconsidiTablu amount of credit on the surveyor Air. Davy and the ].ro],rii'lor. the allotments are well divided oil', and flic streets laid down are wide and naturally level. At is not often indeed that to p.rety a suburban ]ro];erty comes into the market and we shall be not at all surprised to heal' this afternoon that the Auckland allotment tniyinir piblic areas mad as ever, or I to lind. two years hence, that some of the allotj ments. bouplit to day have been resold at an ! advance of lllttj.-ei' cent.