COVENT GARDEN SALE
DUKE OF BEDFORD’S ESTATES DEDUCED BY HALF. By Telegraph —Press Association —Copyright LONDON, December 17. In. nine years the Duke of Bedford bas reduced his ownership of land from 87,000 to 41,000 acres. All the tenants at Covent Garden are weekly once. They regret losing a good master. HOW THE SALE AVAS MADE. MILLIONS CHANGE HANDS IN A FEW MINUTES. (Received December 19, 1.20 a.m.) LONDON, December 18. The “Daily Mail” states that Mr Deeley paid slightly under £3,000,00u for the estate, and that the stamp duties will amount to nearly £30,000. The gross rentals are estimated at £230,000. It is said that the Duke of Bedford made the initial move in the matter of the sale. Mr Deeley made one offer without inspecting the property; then he visited the scene, and a few calculations made on the corner of a blotting pad formed the basis of a second offer, which was accepted by the Duke after half an hour’s talk. Mr Deeley has no office, and not even a telephone.
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Bibliographic details
New Zealand Times, Volume XXXVII, Issue 8608, 19 December 1913, Page 7
Word Count
174COVENT GARDEN SALE New Zealand Times, Volume XXXVII, Issue 8608, 19 December 1913, Page 7
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