Page 4 Advertisements Column 2

New Zealand Times, Volume XLVIII, Issue 8008, 12 February 1887, Page 4

ia.u.ct3ons T. KENNEDY MACDONALD & CO. IMPORTANT TO THE BONA FIDE FARMER Who desires to settle himself, or to put his Sons on Land, IMPORTANT TO THE TOWNSMAN Who desires to settle in the country. IMPORTANT TO THE CAPITALIST Who desires a profitable investment for his capital. IMPORTANT TO ALL Who desire to see a happy and industrious people settled on theLaadnttf the Colony. LAND. LAND. LAND. SALE BY PUBLIC AUCTION Of a Block of the WELLINGTON AND MANAWATU RAILWAY COMPANY’S MAGNIFICENT FREEHOLD LANDS. IN THE EXCHANGE LAND AND MERCANTILE AUCTION ROOMS, Panama-street, Wellington. ON TUESDAY, Bth MARCH, 18S7, At 2 o’clock p.m. T KENNEDY MACDONALD & CO. , are favored with Instructions from the Wellington and Manawata Railway Company (Limited) to sell by public auction, as above, a Block of FIFTEEN THOUSAND ACRES OF MAGNIFICENT AGRICULTURAL LAND, Situate between the TOWNSHIPS OF SHANNON AND TOKOMARU, On the Company’s Railway Lino, and Subdivided into suitable sized SECTIONS, RANGING IN AREA FROM TWENTY-SEVEN ACRES to SEVEN HUNDRED ACRES each. The above Magnificent Bloek of Fifteen Thousand Acres was purchased with other lands by the Railway Company from the Native owners, under the special powers possessed by the Company, and is wsll known to every resident on the West Coast of the North Island ns being the very pick of the country. For many years it has been looked at with envious eyes by the European settlers, but it was impossible to induce the Maori occupiers to part with it until the advent of the railway disturbed the peaceful isolation they bad previously en. joyed. The sections are mainly agricultural laud, with a small proportion of pastoral. Th'ey are splendidly watered, and the timber upon them is mixed taws, limit, binau, &c. The land is flat, fiat and undulating, undulating and hilly, and some of the flats have very rich river deposits. There is also some exceedingly valuable swamp land, capable of easy drainage. The soil throughout is classed by experts as exceedingly good. All the sections are reached by cleared roads, running from the railway etations at Shannon and Tokomaru, and thence in various directions throughout the Block. To those resident in other parts of the Colony who may be unacquainted with the wonderful richness and advantages of that portion of the West Coast of the North Island in which the block is situated, it is necessary to state that the climate is superior to that of any other part of the Colony, the Tararua Ranges sheltering and protecting it from the cold southerly winds prevailing elsewhere in winter ; the grape, the olive, and many semi-tropical fruits ripening in the open air. All old Bottlers are agreed that similar land will Carry, when cleared and laid down with English grasses, some six sheep to the aore the whole year through, while it is well known that, in consequence of the richness of the pasture, no necessity exists for preparing winter feed. As a stock-producing district it has also the . amazing advantage of being able to fatten I and keep stock ripe for killing for ten months in the year. To the practical stock-breeder this important faot needs no comment. The Railway Commission appointed by the Government some years back to take evidence upon oath as to the country through which the Company’s line now runs, examined a large number of witnesses, all of whom were unanimous as to its high class character. The Bishop of Wellington, who was one of the. witnesses, in bis evidence states;—“ I “have for many years travelled through the “ whole of that district. I have ridden over “it in various directions. I will merely “speak aa to the quality of the land. I “conceive that there island there of first“rate quality, and, speaking roughly, from “ the length and breadth of it, I should say “that there must be 150,000 acres of land, “ most of Avhioh must, if a railway went "through it, certainly realise in the market “from £8 to£lo an acre.”

The aim of the Company being to sell their lands to bona tide occupiers, and so create traffic for their Line, high prices are not looked for. It is necessary under the Company’s Act of Parliament that all lands granted by the Government to the Company, and which are known as Allocated Lands,” should have an upset price, fixed upon them prior to being submitted at auction. The Freehold Blocks acquired from the Natives by the Company are not subject to such restriction, hence every section now OFFERED WILL BE SOLD AT THE AUCTION SALE PR HE FROM AN UPSET PRICE; the Company, as a Railway Proprietary, recognising that a large and energetic body of settlers occupying high class land, purchased at a low price, will be of more permanent value to them and the community than if they sold a limited area at high rates. In order to bring about this result, the terms of sale have been fixed on a basis which will, we feel sure, bo appreciated by all who desire to see the lands of the country speedily settled. They are as follow : —■ Deposit at the Auction Sale, 10 PER CENT. The BALANCE OF 90 PER CENT, TO REMAIN ON MORTGAGE FOB SEVEN YEARS, BEARING INTEBEST AT THE UNPRECEDENTEDLY LOW RATE of five per cent, peb anndm. In order to induce occupation and improvement, the purchaser will be required to enter into an undertaking to expend during the first throe years, by his own labor or otherwise, an amount equal to 10 per cant, per annum of his purchase-money, or in lieu thereof, should he prefer to let his section lie idle, to pay, in reduction of his purchase-money, 10 per cent, per annum in cash. The effect of this arrangement would be as follows :—A.B. buys a section at the sale ‘for £2OO. He pays £2O down, receives his title at once, and gives a mortgage for £IBO, payable in seven years. He has then to improve the property to the value of £2O each year, in 18SS, 1889, and 1890, or failing that, pay off that amount in cash in reduction of his mortgage. This arrangement will, of course, suit either the farmer who desires to go on the land immediately and work it himself, or one who, not being ready for a year or two, and not liking to lose the chance of securing a section of such valuable country, buys and lets the land lie till he is ready to occupy it.

The title is Land Transfer Act, and an immediate conveyance will be given to each purchaser.' The solicitor’s total expense for preparing the title, exclusive of Government fees, has been limited to 10s for a eonveyanoe and 10s tor a mortgage. Any purchaser can pay off the whole amount of bis purchase-money at any moment should he wish to do so. The Surveyor’s conuoential report as to the quality of the land, &0., on each section will be shown on application to intending purchasers, and arrangements have been made by which persons visiting the property will have the guidance of those competent to point out the boundaries of the whole of the sections comprised in the Block. The land can be inspected in a single day, and the. Company have arranged to issue special return tickets (available only to those desirous of making such inspection) at the following reduced scale of prices:— The tickets from the Wellington and other stations eo route are only available for Shannon or Tokomaru by train leaving Wei each day at 7 a.m., and returning to