LAND SETTLEMENT.
WAIKATO ESTATE OFFERED TO THE GOVERNMENT. [FROM our OWN CORRESPONDENT.] Cambridge, Monday. It is stated that the trustees of the Monavale Estate (17,000 acres) have offered that property to the Government, to be dealt with under the Lands for Settlement Act. Considerable interest is felt in the question here, and a petition to the Governor, circulated by His Worship the Mayor, has been very extensively signed. Practical farmers say that the price at which the estate is offered will practically ensure successful settlement, seeing that 5000 acres are immediately available for settlement, and would realise £4 per acrea sum sufficient to cover the whole of the purchase money. It will quite naturally be objected that if the bargain is such a good one it is not likely that the estate would be offered to the Government. It appears, however, that the trustees are unable to cut up the property, being bound by the conditions of the trust to sell as a whole, hence the offer of the estate to the Government.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH18990509.2.26
Bibliographic details
New Zealand Herald, Volume XXXVI, Issue 11058, 9 May 1899, Page 5
Word Count
173LAND SETTLEMENT. New Zealand Herald, Volume XXXVI, Issue 11058, 9 May 1899, Page 5
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.