CROWN LAND TRANSFERS.

New Zealand Herald, Volume LII, Issue 16007, 27 August 1915, Page 8

CROWN LAND TRANSFERS.

♦ *ij SUCCESSFUL INVESTMENTS. '- Several instances illustrating SOCcessfßl - investments in Crown lands we» mentioned at the Auckland Land Board's meeting yesterday. In a case *&<& cams before the board, a man transferred is area of 270 acres, and in doing so at j | made a profit of £1400, after holding v* | area for three years. In connection .*»* | one application for a transfer that £■ - ' heard, the Commissioner of Crows Laws* I Mr. H. M. Skeet, said the tenant «* i making a clear profit of £5000 on his d* ! The tenant valued his improvement;.. > - ; J £1464. In reply to the applicant's cog- \ '■ sel, the commissioner said it was J 6 ?., ; board's duty to see that tie TncaffiSJ£> ■ tenant did not have to pay too sap-- . ! He knew that many tenants «*8!&tf?i;~. ; i improvements at Wo high a-figars- M - ; frequently happened that Natare *»£ - j responsible for improvements. ■*"* - I going tenant in this case woaldjg| I a profit of £5000 on an area he ha ?Jl|lp; control of in 1911. Mr. Skeet [ would get a special report ou thf||Bls|gg||t ! action. Counsel for the applicant j? i marked that the land would carry*,?* and a-ha!f to the acre. The w^ " : replied that no land in the ■ would do that. In another case *»»■ came under the board's notice, * WT' ! of £500 was reported. . -y