SALE OF EDUCATION RESERVES.

Otago Daily Times, Issue 9182, 31 July 1891, Page 3

SALE OF EDUCATION RESERVES.

The sale of Education Reserves, held by Messrs E. C. Reynolds and Co. yesterday, attracted a very largo attendance, their rooms being crowded by buyers from all parts of Otago, and the prices bid for the various lands serve to show the demand which exists when offered in suitably sized allotments. The bidding from the outset was keen, and competition brisk, notwithstanding the caution administered to the audience by the auctioneer before beginning the sale, which was that he did not wish any fictitious values bid by anyone with the idea of securing the land, and ultimately applying to the Board of Governors for s reduction. After this caution anyone who bid must be prepared to complete his purchase or leaße to the extent he went, for the board would grant no concessions later of any kind. This was warmly applauded by the company present, and business began with 14 years' leases of sections in the Mokoreta district, and then followed the freeholds in Strath Taierij leases, Strath Taieri; village settlement, same district; and township sections in Arden, adjoining Middlemarch. A pleasurable feature of the sale was that notwithstanding the large attendance and lively competition for the sections, in no case was a bid disputed, and the proceedings passed off in a most orderly manner. The following is the complete list of sales: — _So ; oa • g Sec. Blk. _ a. R. p. -g g Purchaser. < 16 VVc/52 215 40» T Pugh ...£4 12 40 V .2 50 323 25s J Nolan ~. 1 6 43 VII6B 037 30a J Nolan ... 113 49 V J-3 ■{ 45 219 25s H M'Fadyen... 1 6 60 V11|56 120 25s B Clark ... 3 7 61 V1_155 117 35s J Nottage ... 215 62 IXJ tn \& 117 40b 3 Fitzgerald ... 2 0 The lease of the following Sections for a term of 14 years:— i ! i 11 Sec Blk. _ a.c. p. _< Purchaser. <i( o as. dig D a s. d. s. d 1 II) 1691 10 13 Thos Jones 1 7 5 II 53 125 4 0 — Johnston 9 3 11 II 8481 29 2 3 A Bartleman (as agent) 2 7 8 V -a 171 114 19 Passed 23 V „ 51 2 09) , , -p, rn-.-ir o a 25 V(2 51 2 001 2 l B Olark •" 3 d 30 V J-2 -i J5 002 20 F James ... 2 0 £ V I s?So°o} » «»»■ -2 6 41 V ra 49 330 1 3 J Nolan ... 1 7 43 V 53 109 1 3 J Nolan ... 1 7 46 V 51 102 1 9 — Giddiness 2 1 47 V 48 107 1 9 — Giddings 3 1 48 VJ 62 223 19 N M'Fadyea 111 Fourteen years' leases of allotments of sections 56 and 57, block IX, and section 6, block X, Strath-Taieri district:— Per Upset. acre. Sec. a r p a. d. s. v. 1 43 36 5 0 B. Clark ... ... & 0 3 43 36 5 0 E. Clark ... ... 6 6 5 43 36 5 0 W. Coatswotth ... 5 0 9 43 36 5 0 B. Clark ... ... 6 0 11 43 36 5 0 B. Cockerill... ... 8 6 13 43 38 5 0 C. J. Jenniion ... 13 6 15 412 6 0 W. D. Mason ... 5 0 19 4 1 2 5 U C. J. Jennison ... 27 9 21 43 36 6 0 L. Junge ... ... 18 6 24 30 20 6 0 M. Clark (for W. Steel) 5 0 30 2 0 2 5 0 A. Bartleman (as agent) 5 0 Freehold sections Township of Arden :— Section. Block, Upset. Purchaser. 9 IX" £7 -W. Wation.atupßet 12 IX £7 W. Watson, at upset 6 V £7 W. Meede, at upset 20 V £7 W. Meele, at upset 21 V £7 W. Meede, at upset. Fourteen years leases of: — _ * • S Sec. Blk. 5 A. E. p. -g | Purchater. « 5 • £■■ £ G. d. 6. d. 1 111 /"293 015 0 6 D. M'Bso ...1 0 5 VI | 258 132 0 6 A. Beange ... 1 1 16 V S I 257 011 1 0 A. Evans (agent I » for H. North) 2 4 2S vi« 30 129 1 0 Mrs Anderson... 2 6 f6 V| o 28 215 1 0 T. Glendlning... 1 0 24 VIS 213 1 12 0 9 O. A. Woodward 0 D 2-i IV I 130 121 1 0 John Cook ... 1 2 Pt2B IV; 128 3 17 0 6 O. A. Woodward 1 8 Terras.—For agricultural sections: 10 per cent, cash, 15 per cent, in three months, 25 per cent, in two years, 25 per ceat. in four years, and 25 per cent, in seven years; with interest at the rate of 6 per oent. per annum. Township sections: Cash.