SALE OF SEADOWN ESTATE.
Three thousand eight hundred acres of the celebrated Seadown Estate "were offered for sale yesterday. The attendance was the largest ever seen on a similar occasion in this, or we believe, any other part of the Colony, for Messrs. Maclean and Stewart's new room was taxed to the very utmost. The auctioneer commenced by telling some truths regarding the land, which had the effect of creating no small amount of enthusiasm. The following are the particulars : No. Area. y Buyers. Rate per acre. a. k. r. £ 3 - d. 1 141 3 0 Wm. Grant 12 17 6 7 69 2 33 John Stoddart 9 5 0 40 15!) 0 29 Isaac Morris 10 0 0 41 100 0 3S do. 15 0 0 42 101) 3 29 John Buckle 14, 10 0 43 121 0 24 do. 14 10 0 4S 100 2 22 William Menzies 1} 15 0 1!> !>G 0 0 do. 11 15 0 no 97 0 2G Alex. Humphries 13 15 0 51 245 0 15 do. 13 15 0 The total amount sold was 1231 a. 3r. ISp., and the sum realised L 15.791 ISs. 9d. The vendors appeared to be of opinion that the prices were not so good as they ought to have been, considering the magnificent quality and the advantageous situation of the land ; but they had resolved that, if the prices offered were anything like fair, the lots should be sold, and they acted accordingly. We agree with the opinion exnresseil" by the auctioneer that in such times as these, with money so scarce and the banks as stringent as ever, nothing but Seadown land would have sold. This opinion is borne out by the fact that other excellent properties offered yesterday were passed in,"whereas, in ordinary times, there would have been animated competition fqr them. Money w; d really not avujl»blp—even amongst the crowd who were assembled yesterday—or the whole of the Seadown estate would have changed hands at a considerable advance on the prices realised for those portions sold. -We arc
glad, however, to learn that the unsold portions -will find purchasers at prices considerably in advance of those obtained yesterday. We understand that .the property will not change hands except at an advance on yesterday's prices. •
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/OAM18791031.2.12
Bibliographic details
Oamaru Mail, Volume IV, Issue 1103, 31 October 1879, Page 2
Word Count
382SALE OF SEADOWN ESTATE. Oamaru Mail, Volume IV, Issue 1103, 31 October 1879, Page 2
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.
Log in