Page 25 Advertisements Column 1

Otago Witness, Issue 1419, 1 February 1879, Page 25

AUCTIONS. THURSDAY, 27fch FEBRUARY, At 2.15 sharp. IMPORTANT LAND SALE. DEFERRED PAYMENTS Extending over three years. MACRORIE and CUTHBERTSON (in conjunction with Mr J. S. Shanks) are instructed by the proprietor to sell by public auction, at Mataura Bridge, on Thursday, 27 til February, commencing at 2.15 sharp, 3424 AORES FREEHOLD, 3424 Comprising — Sections 1 to 35, block I, Mabel district, Southland, being one of the eailiest selections made by the New Zealand and Australian Land Company, and recently purchased from them by the present owner. The land imme diately adjoins the beautiful and valuable property of Christopher Baßstian, Esq., known as Wood stock. The estate now submitted to public competition is known as BLENHEIM, and contains, as above, 3424 acres excellent agricultural land, divided by Government survey into 35 sections, varying from 80 to 110 acres each on an average, besides one section in block IV, immediately adjoining, and which contains from 200 to 300 acres of valuable bush. Arrangements are being made by which this bush section will be cut up into lots of 20 to 25 acres, to be offered separately, so that each purchaser of ©pen land will have an opportunity of acquiring bush also. The owner, beiag determined to place this property absolutely in the hands of the public, has resolved to adopt the system on which the Government land sales are conducted, and which nag the effect of stimulating competition by making it obvious that every bid must be Una fide from an intending buyer — the system of naming an Upset Price at which every section will be submitted. The lowest price of Government land is forty shillings per acre. The Blenheim Estate will be offered at the Upset Price of Forty-Five Shillings per Acre. No further bid or reserve will be made on the part of the owner, and no sections will be withdrawn. The public have therefore the Bame advantages as are offered at Government sales, and the bidder of the upset price of 45s per acre will be entitled to purchase at that ridiculously low figure, should no further competition ensue. Terms —In order still further to meet the requirements of all classes, the proprietor has determined to offer the most liberal terms, viz. — One-sixth cash on fall of hammer ; onesixth in three months from date of sale ; one-sixth in twelve months ; one-sixth in eighteen months ; onesixth in twenty-four months ; onesixth in thirty months ; and onesixth in thirty- six months j each instalment beating interest at the very moderate rate of seven per cent, per annum. Each section will bo submitted as a separate lot, in the order in which they are placed on the Government map, and no section will be withdrawn. To enable buyers from Dunedin and Invercargill leaving their homes that morning to attend the sale, arrangements are being made for the 9 a.m. and 9.25 a.m. express trains respectively, to pull up at Mataura for passengers to alight. Every information may be obtained from the Auctioneers, from J. S. Shanks, Mataura, or from Mr Hugh M'lntosh, Half-way Bush, who will be happy to show intending purchasers over the ground. Lithographed plans in course of prepara^ tion. 25ja THURSDAY, 13th FEBRUARY, At 2 o'clock. At the Mechanics' Institute, Tiroaru. BLUE CLIFFS, BLUE CLIFFS, To be SOLD in FEBRUARY Next, by J. T. FORD & CO., At Timaru. Is distant from St. Andrew's Railway Station 11 miles, and 22 miles from Timaru, with good metalled roads leading thereto. JT. FORD & CO 9 have been favoured with instructions from the 'Executors oE the late Chas. Meyer, Eeq., to offer by public auction, at the Mechanics Institute, Timaru, on Thursday 13th February, at 2 o'clock, The above Magnificent FREEHOLD & LEASEHOLD ESTATE, Together with 22,000 WELL-BRED SHEEP. The Freehold consists of 8500 Acres of the finest Wheat and Grass Land in the much favoured district of South Canterbury, 4000 acres cf which are in cultivation, bearing grass, turnips, rape, and 540 acres in grain, for which 20a per acre rental is paid for the one year— subdivided into 30 paddocks, with permanent water in each; -and 6000 acres can be irrigated at a trifling ccst. 28,000 acres leasehold in a ring fence; subdivided into five paddocks, permanent water in each. Lease 1 1 yoars to run from May, 1879, next;. As a country residence, Blue Cliffs has no equal in Canterbury. Splendid view ; large pleasure grounds, tastefully laid out, and greatly assisted by the natural beauty of the surroundings ; water laid on to all parts of the house and grounds. Either Christchurch or Dunedin enn be reached in seven hours from the Homestead. Auctioneers invite inspection ; and for further particulars apply to J. T. FORD & CO. ; Or Mr CAKTWJMGDT, 104 Ou the Station.