Property Sales.

Otago Witness, Issue 1581, 4 March 1882, Page 10

Property Sales.

THC SALS OP THE RUNS.

The sale by public auction of the licenses of 170 runs in Ofcago, which comprise a total area of more than a million and a-half acres of laud, was commenced on Monday. It was advertised to take place in the long-room at Watson's Hotel, but it was found necessary to adjourn to a more commodious room. Before 11 o'clock the room at Watson's Hotel was fairly tilled at the hour appointed for the sale. Mr R. B. Martin, the Government auctioneer, announced that as it was obvious that there would not be sufficient room, an adjournment would be made to the Garrison Hall. An adjournment was made, and nearly a thousand gentlemen must have been present in the Garrison Hall when the sale commenced, and about six hundred continued for a considerable time, while at the close of the sale nearly four hundred must have been preUfc xvlr R. B. Martin (the auctioneer) read the conditions of the sale, and having done so, announced that if there was any clause intending purchasers did not understand, he would read it again. No request being made, Mr Martin said : Well, gentlemen, in offering you these lands to-day, I may say you have an opportunity that may never occur again of becoming the lessee of one of these runs— an opportunity, at any rate, that will not occur again for a long period— a period of from four to 10 years. I need not address the present lessees upon the advantages of this country as sheep country. They know its value from ex- j perience ; but I may may be .permitted, per- < haps, to address a few words to strangers or others who have not become posted as to the capabilities of this country. Years ago— and not many years ago— we had in these parts of the country neither roads nor bridges nor punts, and in those days runholders were able to make sheep-farming pay with 'sheep at 20s per head, cartage at from £3 to £7 per ton, and shearing at 20s to 22s 6d per 100, and when it would sometimes take six weeks to convey the wool to town. I merely say this, gentlemen, to draw attention to the facilities that now exist ; for in those days a number of old settlers sold out to great advantage, and returned to the Old Country with a competency for life.— [Applause and laughter. A little dog, the only occupant of the gallery, made his presence known by barking furiously, and continued to gaze in astonishment at the auctioneer and to Dark cheerfully and incessantly, greatly to the amusement of the assemblage, until removed by its owner.]— Mr Martin continued : Well, gentlemen, I think I may £o on now, though I was stopped rather abruptly. No doubt the present lessees feel well' contented with their present occupancy. — (Applause.) Gentlemen, you must preserve a little order. I will merely call the attention of buyers to the fact that they have ijow a splendid opportunity before them. There are now roads, bridges, and punts. The country is clean, being perfectly free from disease. It is healthy country, and probably no finer exists in the Southern Hemisphere. Mr E. B. Cargill : I wish to ask a.ques tion. In these divisions of the runs will the boundaries be pointed out by the Government surveyors ? Have' they been in any way marked on the ground ' \ Mr Martin : I am informed by the Chief Surveyor that they will be defined before possession is given. It is only an approximate area we give to-day. There will be the usual distinctive marks Jtiven. ; Mr Cakgill : The purpose of my question was to ascertain whether the boundariesare so defined as to prevent any possible disputes among those who purchase the country. ' Mr Martin : I am informed by the] Chief Surveyor that all boundaries have been defined, and where it is possible to have natural'boundaries, these have been observed. lam also, I think, correct in stating that where fencing could be made available as a boundary, advantage of that has been taken. , Mr J. A. Connell : Another question I should like to ask. When these subdivisions come to be actually surveyed, if it is found that the area is less or more than is shown on the lithographed maps, will the purchaser's rental be reduced or increased according as he has less or more than the amount shown on the plan and for which he bid ? Mr Martin : No. He buys the lot as it stands. Mr Ritchie : Buyers will be left to fight out the question of boundaries. Mr Martin : I am selling to-day from this schedule. I give you an approximate area of what is supposed to be in the country. You buy on these conditions. If a dispute arises the Government will not step in and fight out the battle between the owners of adjoining land. Mr Kitchener : Can you give me an idea of the cost of improvements already existing on the runs ? Mr Martin : No ; but it is not to exceed three times the annual assessment. Mr Kitchener: Have the present lessees any right to put up improvements between now and the time the new purchasers come into possession of the runs? Mr Martin: There is nothing in the Act to prevent them. Mr Ritchie : How are we to know where the boundaries shown on the map are ? Mr Martin : The Chief Surveyor informs me that the boundaries are defined as clearly as possible on the maps. The Government do not generally show boundaries on runs. Mr Jamks Smith: It is just as well we should clearly uuderstand the position we have to meet. I understand the Waste Lands Board or the Government will give no guarantee to the buyer of the correctness of boundaries. They leave the purchasers to settle disputes that occur between themselves. That is so? Mr Martin : Yes. Mr James Smith : Next I understand that the Government will not grant compensation for any discrepancy in the area. If, for instance, it should be found when the land is surveyed that a purchaser at this auction gets 1000 acres or 2000 acres less than the estimated area, I understand you to say the Government will make no allowance for that. Mr Martin : No, the Government will not make any allowance. Mr Smith : Is that so ? Mr Martin : Yes ; but I am instructed, Mr Smith, to say it is not possible for such a discrepancy to occur. The discrepancies will be very trifling. Mr Phaser (solicitor) said that at the side of the room where he was standing they had not heard the conditions of sale, and asked— as the Government had not seen fit to publish them, though anyone selling £50 worth of suburban, property would have done so — that they should be read again. 1 Mr Harlow then read the conditions of sale, and said in reply to a question that pastoral country was not surveyed. Mr Jab. Smith : I wish to distinctly under, otand what we are to p*y in addition to tho

license fee. What must be paid as the cost of survey? Mr MaitljANP : There is no survey. Mr Smith : There must be, to determine boundaries. Mr Maitland : No. The Crown does not say so. There has has never been a survey to determine the boundaries by the Crown. The boundaries are shown on these lithograph plans as you see them. We are selling according to the boundaries which are shown on these lithograph maps, which may be looked upon as an index map. There maybe some slight discrepancy as between these maps and the office maps, and the Crown guards itself by saying it sells according to the plans and the lithograph maps, and more correctly shown on the office plan. Mr Smith : Then this is tho position : the Government do not undertake to make any survey after the sale — there is none at present to indicate any landmarks by which the purchaser can determine exactly what he has bought, but — leaves it to the purchaser 'to ?ather such information as ho can at the Land Iffice to enable him to fix his own limits ? Mr Maitland : No. The Land Office will be able to offer such information as to prevent any practical difficulty occurring as contemplated by Mr Smith. Government will offer every assistance to the purchasers of the runs. Mr Shrimski, M.H.R.: It seems the present holders of the runs are creating all this disturbance for the purpose of preventing competition. There has not been a single question asked except by those in possession of the runs. It shows that Government were in too great haste to advertise the runs. A Voice : That's said to his constituents. Mr Mabtin : I do not believe any intending purchaser will be influenced by what has been said. Gentlemen, we will proceed with the sale. The runs were then submitted to competition, and were readily sold.^ The bidding throughout may be well described as spirited, for rarely did the bids advance less than £5 at a time ; and when they did, it seemed to be from sheer perversity on the part of bidders, as they ran up hundreds of pounds, advancing in 20-shilling steps. In very many instances the old lessees repurchased, but they did so in the face of such competition as made it evident that they gave value for the runs. One instance may be cited, in which from the upsetprice—£2oo, the price advanced to £450, and then the run was knocked down to the previous lessee, the other competitor declining to bid more than £449. Bather 'more than one-half the runs to be sold were offered for sale on Monday, and only two lots were passed in, no one offering the upset price for them. In not a few cases, however, twice the upset prices were obtained, and in many the prices were remarkably high — much in excess of what was generally expected. The most remarkable advance upon the upset price jpas a case in which £1060 was given for a run the upset price of which was only £300. There were other instances in which the advances were from £250 (upset price) to £805 y from I £175 to £405 ; from £120 to £500 ; from £20 to £120; from £45 to £270; from £75 to £490; from £500 to £915 ; from £300 to £650 and to £690. The sale was continued until 6 o'clock, when an adjournment was made. The runs were sold as follows :—: — MANIOTOTO COUNTY. Sub Ji vision of No. 226, Lauder Station, situated at the base of the Dunstan Range, and occupied by, iMesern Handyside and Roberts. i Run No. 226, about 32,430 acres. Licensed for 10 years. Upset rental, £300 per annum.— Mr Martin described the run as a magnificent piece of country. The upset price was at once offered, and in bids advancing £10 each it was rapidly run up to' £650. i After a pause £660 was offered, and it was just being knocked down at £670 when another bid was given, find it was finally knocked down at £69G to Mr Thomas Kcenan, of Keeuan and Morgan (St. Bathans). Run No. 226 a, about 13,440 acres. License, for 10 years Upset rental, £836 per annum.— No advance was made on the upset price, for which the rjin was knocked down to Mr John Roberts, an £386 per annum. Run No. 226b, about 16,660 acres. License for 10 years. Upset rental, £416 per annum.— This last was run up quickly to £780 without the .apse of half a minute between the bids, and was at that price knocked down to Messrs Keenan and Morgan, the purchasers of the first lot offered. J Run No. 2260, about 8830 acres. License' for 10 years. Upset lental, £221 per annum.— For this there was but slow bidding at first, but it was finally ' run up to £350, at which price it was knocked down to Messrß Keenan and Morgan, Run No. 226 D, about 5630 acres. License for 10 years. Upset rental, £141 per annum.- For this lot bids advancing £5 each time, ran it up to £165, when the bids were doubled, and the sum of £310 was offered, in* which it was purchased by Messrs Keenan and Morgan. Subdivision of Run No. 228, situated between the Manuherikia River and Dunstan Creek, at the base of Mount St. Bathans, and occupied by F. G. Dalgety. Run No. 228, about 32,740 acres. License for seven years. Upset rental, £400 per annum.— For this run the bidding advanced by £10 bids to £460, and then by £1 bids to £550, when two bids advancing £5 each were given, after which the bidding proceeded as before to £617, at which figure it was knocked down to Mr E. J. Spence (Dalgety, Nichol, and Co.) Run No. 228&, about 19,730 acres, License fdr seven year*. Upset rental, £200 per annum. Thitt wa*, run up by £1 bids to £240, when Mr Connell pointed out that great delay was caused by this system of bidding, for which only Mr Spence had asked.- Mr Cargilii suggested that shilling bids should be received — Mr Donald Reid said he was willing to advance £10 at a time if Mr Spence would do the same, but otherwise it would not be fair to his client to do so.— The sale then proceeded at same rate, with the exception that Mr Reid occasionally advanced several pounus at a time, until it was sold for £453 to Mr E J. Spence Dalgety, Nichol, and Co). Subdivision of Run No. 224, known as Blackstone Hill Run, Ida Valley, occupied by Rolland Bros. Run No. 224, about 5730 acres. License for four years. Upset rental, £107 per annum —This lot was run up in £5 bids to £280, at which figure it was sold to Mr F. G. Pogson, Ida Valley. (Cargills, Gibbs, and Co., agents.) Run 224 a, about 5850 acres. License for four years. Upset rental, £171 per annum.— Sold for £290 to the same purchaser -Mr F. G. Pogson. Run 224b, about 5610 acres. License for four years. Upset rental, £104 per annum. — After brisk competition, sold for £280 to same purchaser— Mr F. G. Pogson. Run No 2240, about 4230 acres. License for four years Upset rental, £123 per annum.— Sold for £210 same purchaser— Mr F. W. Pogaon. Run 2-24 d, about 5020 acres. License for 4 years. Upset rental, £146 por annum.- Sold for £255, same purchaser— Mr Pogson. Subdivision of Run No. 227, from the main road, Hill's Creek, back to the Hawkdun Mountains, occupied by F, G. Dalgety. Run f-o. 227, about 39,680 acres. License for 10 years. Upset rental, £440 per annum— The bidding for i his lot was also brisk. No less an advance than £5 w»s accepted, and it was sold for £645 to Messrs Reid and Duncans for Messrs Ross and Glendining. Ran No. 227 a, about 10,000 acres. License for seven years. U(>f=et rental, £420 per annum. -For this the bidding was slow, but it i cached £545. It was sold to same purchasers as the last, viz., Messrs Reid and Duncans, for Messrs Ross and Glendining. Subdivision of Run 225, Highfields. in Ida Valley and White Sow V..lley (occup ed by Rolland Bros). Run No. 225, about 4650 acres. License for five years. Upset rental, £183 per annum.- Sold for £270 to Mr F. G. Poison (Cargill, Gibbs, and Co., agents). Run N0.',225a, about43so acres. License for five years. Upset rental, £127 per annum. -Sold for £255 to Bame purchaser Mr F. G. POeson. Run No. 225b, about 7190 acres. License forsixyears. Upset rental, £210 per annum.- Sold for £375, Dams purchaser— Mr F. G. Poßson, Run ifo, 2-250, about 9980, acrei. License for seven year". Upset rental, £291 per annum. —Sold for £516 (over one shilling per acre), to same purchaier— Mr F, O. Pogaon, Run 8250, about 650 we*. License (or six

years. Upset rental, £162 per annum.— Sold for £276 to the same purchaser— Mr P. O. Pogson. Run No. 225e, about 6370 acres. License for seven years. Upset rental, £186 per annum.— Sold for £305, rame purchaser— Mr F. G. Pogson. At this stage an adjournment was made from 1.25 to 2.30. On resuming the sale was proceeded with as follows :— Subdivision of Run No. 222, situated on the Wetherburn and Taieri River, occupied by the Hon. H. S. Chapman. Run No. 222, about 10,050 acres. License for three years. Upset rental, £280 per annum.— Thore was a considerable pause after the upset price was offered. £285 was the next bid, and this price was rapidly run up to £630, Mr E. A. Chapman being the buyer. Run No. 222 a, about CCOO acres. License for three years. Upset rental, £180 per annum.— The bids for this run were many, and were made in quick succession. Ultimately it was knocked down to the same purchaser, Mr E. A. Chapman, for £320. Run No. ?.22b, about 9830 acres. License for three years. Upset rental, £280 per annum.— There was considerable competition for this run, the bidding reaching £560 in a very short time. At this figure it was knocked down to the same buyer— Mr E. A. Chapman. (Re-let) Run No. 306 (Mount Ida Pastoral Company, Waitaki and Maniototo). Run No. 306, about 23,930 acres. License for seven years. Upßet rental, £300 per annum.— At first the bids for this run were rather Blow in coming, but after the lapse of some time the competition became pretty keen. Messrs Wright, Stephenson, and Co., on behalf of the Mount Ida Pastoral Company, bid £650, for which sum it was knocked down. Subdivision of Run No. 219, "Eweburn Station," Taieri River (recently occupied by Mount Ida Pastoral Company). Run No. 219, about 4600 acres. License for five years. Upset rental, £100 per annum.— This was sold to the name buyers (the Mount Ida Pastoral Company) at 4210. uun No. 218 a, about 5270 acres. License for five years. Upset rental, £100 per annum. Sold to the same purchasers for £270. Run No. 219b, about 4520 acres. License for five years. Upset rental, £100 per annum.— Sold to the same purchasers for £250. Run No. 2190, about 9030 acres. License for five ye >rs. Upset rental, £100 per annum.— For this as w«li as for the preceding subdivisions of the run there was considerable competition. The last bid was £105— Messrs Wright Stephenson, and Co., on behalf of the Mount Ida Pastoral Company. Subdivision of Run No. 248 (late Dr Buchanan's)i between Taieri River and Sowbum. Run No. 248, about 23,600 acres. License for seven years. Upset rental, £500 per annum.— The competition for this run was very keen, several persons appearing to be anxious to secure it. The figure ultimately reached was £915, at which it was bought by Mr J. M. Ritchie. Run No. 248 a, about 26,800 acres. License for 10 years. Upset rental, £250 per annum.— The bidding for this run was' in two or three quarters only, and j after some time it was knocked down to Mr Roberts, lat £636. Th9re being » dispute, however, the run was again put up, and realised £805. Mr J. M. Ritchie w*B the buyer. Subdivision of Run No. 211, Mount Ida and Kyeburn Slopes (occupied by Messrs Stewart and M'Kenzie). ttun No. 211, about 25,930 acres. License for 10,,vearB. Upset rental, £175 per annum.- At first it d|d not seem as if more than the upset price' would be realised for this run, but as the auctioneer was about to'knock it down some smart bidding set in, and Messrs Stowart and M'Kenzie had to give £405 for its.retention! Uun No. 211 a, about 16,940 acres. License for 10 ye irs. Upset rental; £135 per annum.— Sold at £315, to the same buyers. Subdivision of Run No 206 a, Kyeburn (occupied by Messrs Stewart and M'Kenzie). Run No. 206 a, about 4040 acres. License for 10 years. Upset rental, £101' per annum.— This was bought by the present lessees at £235. f KunNo.2o6o,'about737oacres. License for f out years. Upset rental, £170 per annum.- Sold to the same ' buyers at £210.' | RunNo.2o6P,about66soacres. License for four years. Upset rental, £90 per annum.— After some .sm^rt bidding the run was knocked down to the present .lessees a' £200. |

Run No. 206 a, about 3200 acres. License for five years Upset rental, £80 per annum.— This was also knocked down to Messrs Stewart and M'Konzie for £225. Subdivision of Run No. 206b, head of Kyeburn, on western slopes of the Kakanuis, occupied by Mr R. M. Turnbull. - \ Run No. 206b, about 11,770 acres. License' for 10 yotrs. Upset rental, £140 per annum.— From the upset the price was slowly run up to £500. \ Messrs Connell and Moodie were the buyers, on behalf of a principal at preseut not disclosed, ( Run No. 206 d, about 4090 acres. License; for 10 years. Upset rental, £20 per annum.'— Messrs D. and J. Malloch were the buyers at £120. i Run No. 206b, about 6220 acres. License, for 10 years. Upset rental, £45 per annum.— Bids were received front two quarters for this run, anq it was ultimately sold to Messrs Connell and Hoodie for £;70. i Subdivision of Run No. 203, Swinburn and Kyeburn (occupied by Mr J. Preston). Run No. 203 a, about 8600 acres. License for five years. Upset rental, £230 per annum.— After a brisk competition, this run wa9 sold to Mr Joseph Preston for £405. Run No. 203b, about 6060 acres. License for seven years. Upset rental, £230 per annum.— Sold to the same buyer for £210. Run No. 203 c, about 6750 acres. License for 10 years. Upset rental, £150 per annum.— This was sold to Mr John Reid (Reid and Duncans) for £305. Subdivision of Run No. 204 (Hamilton and Rowley), fronting Taieri River, and extending to Rock and Pillar Ranges. Run No. 204, about 14,360 acres. License for five years. Upset rental, £300 per annum.— The competition for this run was fairly keen, and the price was run up in £5 bids from the upset to £735. Two parties bid against each other to the extent of £100. Messrs Connell and Moodie were the purchasers. Run No. 204 a, about 18,960 acres. License for five years. Upset rental, £260 per annum.— in the competition for this run there were only two bidders, and it was remarkable how they stuck to their task of outbidding each other. No less a sum than £920 was realised. Mossra Connell and Moodie were the buyers. Subdivision of Run No. 247, known as Puketoi, along the eastern face of Rough Ridge ; occupied by Watson Shennan. Run No. 247, about 6240 acres. License for three years. Upset rental, £208 per annum.— The present lessee, Mr Watson Shennan, succeeded in obtaining the re-lease of the run at £295. Run No. 247 a, about 9390 acres. License for five years. Upset rental, £313 per annum. -There was only another bidder for this run besides the present lessee, but Mr Shennan obtained it at £530. Run No. 247b, about 12,540 acres. License for five years. Upset rental, £418 per annum.— Sold to the same purchaser at £640. Kun No. 2470, about 10,700 acres. License for five years. Upset rental, £357 per annum.— Sold to the same buyer at £410. Run No. 247 d, about 11,000 acres. License for seven years. Upset rental, £367 per annum.— Mr Shennan also bought this at £470. (he-let) Run No. 303 a, part of Puketoi (occupied by Watson Shennan). Run No. 308 a, about 8750 acres. License for seven years. Upset rental, £250 per annum.— The present lessee got this run at. £420, after a short competition with two or three persons. Subdivision of Run 308b, crossed by the Dunstan and Kock and Pillar roads (occupied by Robert M. Turnbull). Run No. 308b, a^out 28,200 acres. License for 10 years. Upset rental, £400 per annum.— There was a somewhat spirited competition for this, and Mr Turnbull, the present lessee, only succeeded in obta'ning it after the bidding had reached £910. Run No. 308 c, about 15,890 acres. License for 10 ye irs. Upset rental, £350 per annum.— Messra Connell and Moodie bid £560, for which the run was knocked down.

WAITAKI COUNTY. (Re-let) Run No. 201, bounded by Ahuriri, Longslip, and Omarama Rivers, occupied by Young and Dalgety. Run No. 201, about 70,190 acres. License for one year. Upset rental, £555 per annum. No one would bid the upset price, as the lease was for a year only, and the lot was passed. (Re-let) Bun No. 238, west of Ahurlrl and Longsllp Rivera, occu. led by Thomas Cooke Hill. Run No. 283,. ab0ut 81,190 urea. License for 10 yeare. Upset rental, £76 per annum. - Several per« iom competed for this run. It was knocked down to Mr X, J. gpenee (Dalgoty, Nlehole, »n4 Co.) at £480.

(He-let) Run No. 362 a, near Clarke's Diggings, occupied by Stewart and M'Kenzie. Run No. 362 a, about 43,840 acres. License for 10 years. Upset rental, £300 per annum.— The run was sold at the upset price to the present lessees. Re-let) Run No. 362b, north of 362 a, occupied by Sutton Bros. Run No. 362b, about 26,030 acres. License for 10 years. Upset rental, £300 per annum.— On the auctioneer putting this run up, there were cries of " Pass it ;" and Mr J. A. Connell said : " Get the Land Board to reduce the price to £10, and it might sell ; it will never sell at anything over that." The lot was passed. (Ro-let) Run No. 300, south of tho north branch of Maorewhenua River, occupied by Alex. M'Master. Run No. 300, about 17,320 acres. License for nino years. Upset rental, £300 per annum. —This was sold at £800 to Mr J. M. Ritchie. (Re-let) Bun No. 301, south of Run No. 300, occupied by Alex. M'Master. Run No. 301, about 27,870 acres. License for nine yonra. Upset rental, £300 per annum. — After some slow bidding, the lot was knocked down to Mr J. M. Ritchie for £495. Subdivision of Runs Nos. 217 a and 217b, north-east of Kakanui Mountains, occupied by Fenwlck Bros. Run No. 217, about 18,630 acres. License for eight years. Upset rental, £200 por annum. - Sold to the N. Z. and A. L. Company for £510. Run No. 217 a, about 12,500 acres. License for eight years. Upset rental,£2oo per annum. —Sold to the same Company for £350. Kun No. 217b, about 17,530 acres. License for six years. Upset rental, £225 per annum.— Sold to Mr P. Fenwick for £730. (Re-let) Runs Nos. 209, 464, and 11, Kakanui Mountains and Horse Range, occupied by the N. Z. and A. L. Company. Run No. 209, about 4910 acres. License for seven years. Upset rental, £75 per annum.— This run was sold to the same buyer for £140. Kun No. 464, about 7930 acres. License for eight years. Upset rental, £100.per annum.-^-Sold to Mr T. Brydone for £235. jiun No. 11, about 7930 acres. License for nine years. Upset rental, £90 per annum:— Sold 'to the same buyer for £510. v y- . (Ro-let) Run Ho. 17, Waitaki Slopes, between north branch Maerewhenua and Otekaike Rivers, occupied by Robert Campbell, jun. Run No. 17, about 12,500 acres. License for 10 years. Upset rental, £250 per annum.— Bought by Mr R Campbell, jun., the present lessee, at £640. (Re-let) Run No. 445, east of the Hawkdun. Mountains. Run No. 445, about 15,230 acres. License for ten years. Upset rental, £75 per annum.— Sold at the upset price to Me C. A. B. Huddleston. WAIKOUAITI COUNTY;. Subdivision of Run No. 210, Deepdell Station, Moonlight Flat, Higblay, and Taieri River, occupied by N. Z. aud A. L. Co. 1 Run No. 210, about 8370 acres. License for three years. Upset rental, £84 per annum,— After a brisk competition the lot was sold for £170 to the N. Z. and A. L. Co. Run No. 210 a, about 7010 acres. License for five years. Upset rental, £138 per annum.- Sold for £380 to the same Company. Run No. 210b, about 8540 acres. License for three yi are. Upset rental, £200 per annum.— Sold for £330 to the same Company. Run No. 2100, about 4810 acres. License for five years. Upset rental, £118 per annum. -Sold for £290 to the same Company. Run No. 210 D, about 6140 acres. License for fire years. Upset rental, £160 pet annum.— Sold to the same Company at £430. Run No. 210s, about 8450 acres. License for three years. Upset rental, £211 per annum.— Sold at £330 to the same Company. . ■ ■ Run No. 210F, about 6830 acres. License for three years. Upset rental, £171 per annum. -Sold at £300 to the same Company. • , Run Ho. 210 a, about 9210 acres. License for three years. Upset rental, £230 per annum.— This run was knocked down at £380 to the same Company. VINCENT COUNTY. Subdivision of Run No. 261, lying along jthe Rough Ridge and Ida Valley, occupied by Sir F, D. Bell. Run No. 26i, about 11,800 acres. License, for five years. Upset rental, £197 per annum. -^After a brisk Competition, the run was' knocked down at £400 to tho present lessee, Sir F. D. Bell.' Run No. 261 a, about 8880 acres. • License . for seven ye<vra. Upset rental, £147 per annum.- Sold at the ujw'et price to the same buyer. , Run No, 261b, about 12,510 acres. License for seven years. Upset rental, £209 per annum.— Sold, at £265 to the same buyer. ttun No. 2610, about 17,150 acres. License for seven y k -ara. Upset rental, £286 per annum.— So^d at £405 to the same buyer. Run No. 261 d, about 23,830 acres. 1 License for eight ycara. Upset rental, £397 per annum.- Sold at £505, af er a short and brisk competition, to the same bmer.' - Run No. 261b, about 19,730 acres. Licensejfor eight y^rs. Upset rental, £329 per annum.— Sold at £405 to the same buyer. TAIERI COUNTY. Subdivision of Run No. 213b, Gladbrook, on Taieri River, Rock and Pillar district, occupied by Mur> ray, Roberts, and Co. Run No. 218b, about 12,190 acres. License for 1( yeurs. Upset rental, £204 per annum.— The present levees b >ught at £250 Run No. 213 c, about 26,440 acres. License for 1( years. Upset rental, £441 per annum. -The compe tHion was Bmarfc, and tho figure reached ultimatelj w.is £870, at which the lot was sold to thß present lessees— Messrs Murray, Roberts, and Co. Subdivision of Run No. 254, Rocklande, occupied by R. Gray. Run No. 254, about 47,740 acres. License for 1( y ars. Upset rental, £597 per annum. The prici v! timately re vched waa £1000. Me3srs A. and J. Boj d wore the buyew. Run No. 254 a, about 30,050 acres. License foi ci jht years. Upset rental, £501 per annum. Sold tc the same buyers for £660. Subdivision of Run No. 260, north of Lee Stream, occupied by George Nichol. Run No. 260, about 27,450 acres. License for nine years. Upset renta 1 , £300 per annum.— Sold at £81( to the same buyers. Run No. 260 a, about 3350 acres. License for Bever years. Upset rental, £60 per annum.— Sold at £12i to Mr Jame3 Shand. Subdivision of Run No. 185. between Lee Hundrei and Hindon, occupied by James Shand. Run No. 185, about 4600 acres. License for seve years. Upset rental, £70 per annum.— This run wa sold for £310 to Mr David Proudfoot. Run No. 185 A, about 3250 acres. License for seve years. Upset rental, £80 per annum.— Sold at £12 to Mr James Shand. Subdivision of Run No. 218, Mount Stoker Rur occupied by Gellibrand and Smith. Run No. 218, about 12,560 acres. License for fly years. Upset rental, £210 per annum.— After a lon competition this run was knocked down to Mr E. I Cargill at £800. , Run No. 218 a, about 9520 acres. License for si yews. Upset rental, £225 per annum.— This wj briskly competed for, and Mr Cargill was the buy( at £700. TUAPEKA COUNTY. (Re-let) Run No. 259, south-east of Lammerla (occupied by P. C. Fulton). Run No. 259, about 31,150 acres. License for 1 yuirs. Upset rental, £90 per annum. —Sold for £41 to the present lessee. ( (Re-let) Run No. 186, including R«Hj No. 48, east < Larnmerlaw (occupied by F. C. Fulton). Run No. 186, about 27,260 acres. License for nin years. Upset rental, £300 per annum. - Scld for £1061 after an txceedingly brisk competition, to the preset It being 6 o'clock.the sale was hereadjourne until 11 a.m. next-day. The Second Day's Sale. i The sale of the Otago runs was resumed i the Garrison Hall at 11 o'clock on Tuesda; There was a good attendance, but the numb present was nothing like so large as it wi when the sale commenced the preyious da, There were probably between 400 and 5< fentlemen in the room when the auctionee Ir R. B Martin, recommenced his onero' duty. On taking his stand in the rostrum JV Martin said : Gentlemen, we will resume tl sale, but before beginning I think it nepessai to make a remark or two. Some reflection h. been cast on a gentleman who was r present this room on Monday, and who was bidding the auction. I may state for the ipformati< of the public that that gentleman was as mvi abona fide bidder as anyone else in the roor and that he was prepared to- pay for any pu ohaae he made. I think it only fair to m that \ and I also think it right to say that

4

probably made mistake in not accepting his fold of £60, whereas afterwards I accepted a bid of £400. I think it is only right to say that he is not here— as has been charged— on behalf of the Government, to run up the runs ; nor does he gat commission, as I have been told he does. Besides, this is a public auction of runs that has been advertised for a considerable length of time, and it is open for anyone to bid. Mr Fraser : Yes, but there is one point I think that might be taken exception to : When anyone bids back in these benches he is called upon to put up his hand to show who it is that is bidding. I think that ia objectionable. A bidder should not be compelled to hold up his hand. Mr Martin : It is not for Mr Fraser to say how I shall take the bids ; that is for the auctioneer. In a hall like this it is not very easy to see and hear everybody; however, Mr Eraser's remark does not affect the sale a bit. The sale then commenced, and the bidding began with encouraging briskness. Some of the runs brought remarkably high figures, but generally, when one lot had been run up to a very igh price, the others or several of the others in the same subdivision were quitted either at the upset price or at an inconsiderable advance upon it. Another thing which became evident was that some of the intending purchasers had several agents stationed in different parts of the hall, so that when one stopped bidding the other oould carry on against opponents and purchase for the individual who apparently, thought it not worth while to give more than the sum which had been reached when he ostensibly retired from the competition. That these tactics were successful may be doubted, for as a rule very substantial advances were made upon the upset prices. Occasionally the ] agents for-y^he same parties bid against each other -by mistake. In one instance a lot was knocked down, and the bid was { disputed, at' the time the advances offered ' were £10 each. The gentleman who called for the run to be put up again discovered, just as Mr Martin was about, to re-offer it, who had made the last bid, and seeing, it is fair to presume, that it was one who was bidding for the flame purchaser, magnanimously gave in, remarking quite carelessly, " Oh, let him have it." And he got it. Almost without exception the runs fell to ,the original lessees, and competition was pretty well confined to those who were already engaged in pastoral pursuits. In Borne few instances the prices were run up by outsiders, but there is hardly one case out of the 170 lots in which an outsider was prepared to give more than the present lessees. Messrs JDalgety and Go. and the representatives of J. G. G-. Glassford were the most extensive purchasers. Mr Henry Campbell secured about all the land he previously held, and other runholders were equally fortunate. The highest price given on Tuesday was £910 for a run, the upset price of which was £229 ; and the lowest sum given was £10, that being the upset price. One run was passed on Tuesday and two the previous day, so that with three exceptions all have been sold. It was estimated that the total the runs would realise would be £45,000,. and that was an average advance of one-fourth on the upset prices. The total sum realised by the, sale is £68,854, as against £25,349, the amount of the previous rentals, and £36,488, the total of the upset prices^. These figures, however, do not show, the enth'e gain to the Colony, as ,there have been large reserves,, -made „ for settlement, which land was included in the area for which the annual rental of £25,349 was paid. In one case, where all the original run was put up at an upset of £135, the price realised was £4285. In this instance it did not all go to former occupants. The former rental was £975 for the same land. Jn another case, all going to former occupants, the upset was £1257, the price realised £3060, and the former rental £872. "Another remarkable case was one in which all ,the. subdivisions were purchased, by the former pccupants,, where, the total, upset price was £1457, the , price) realised £3060, and the former rental .£lo4s." There, were, two inBtance^in both of which the price realised was within £6 of four times' the amount of the upselj' price — one being offered at £134 and realising £530, and the other at £229 and realising £910.", The lots on Tuesday offered and sold were as follow:— . ' ' ' VINCENT COUNTY. ' Subdivision of Run No. 235, "Morven Hills Statiojo," head of Lindis River (occupied by Dalgety and Co.) Run No. 235, containing about 23,400 acres. License for 10 years. Upset rental, £293 per annum.— The bidding for this lot commenced somewhat slowly, but as Boon as £310 had been offered it became more brisk, and advanced at £5 bids, which were given almost as quickly as they couid be taken, until the run was re-purchased at £505 by MrSpence furDalgetj and Co., the present occupiers. Run No. 235 a, about 30,330 acres. License for 10 years: Upset rental, £380 per annum.— Bidding for this lot was fairly brisk throughout, £5 bids following fast until £850 was realised, that amount being offered by Mr Moore on behalf of the same buyers. Subdivision of Run No. 236, " Morven Hills" (occupied by Dalgety and Co.) Run No. 236, about 26,210 acres. License for 10 years. Upset rental, £328 per annum.— At first offers were Blowly received, but after a short time £5 and £10 bide were quickly received, until £560 was offered by the present occupiers, through their agent Mr Moore. Bun No. 236 a, about 14,080 acres. License for Beven years. Upset rental, £206 per annum.— The competition for this lot was exceedingly lively until £650 was reached, when £10 bids were more slowly received. The property finally realised £730, or considerably more than three times the upset, at which sum it was purchased by Mr Bartleman, also for the Bame occupiers. ' Run No. 236b, about 5070 acres. License for five years. Upset rental, £120 per annum.— There was not much demand for this lot, but finally it was secured by Mr Bartleman, agent for the same buyers at £310. , Run No. 236 c, about 6600 acres. License for fivo years. Upset rental, £120 per annum.— ln this case bidding was fairly good, becoming more keen towards the close, when it also fell to the present occupiers at £450, or nearly four times the upsot. Run No. 236 d, about 6960 acres. License for five years. Upset rental, £170 per annum.- £10 bids were easily obtained, and the hammer fell to the offer of £380 by MrjStronach, as agent for Mr Archibald Fraser. f^B Run No. 2ipTabout 3760 acres. License for eight years. Upset rental, £60 per annum.— Offers were !^L v< L ryb * r ! sk c f i >r thi ! lot > wbi <* was purchased at £120 by Mr Stronach, as agent for Mr Robert Stewart. Run No. SBOF, about i 3450 acres. License for eight years. Upset rental, £50 per annum.— Good comnpH tion ensued, and, the lot was finally disposed of for £215, or over four times the upset, to Mr Moore ao-pnf for Dalgety and Co., the present' occupiers S Run No. 236g, about 12, 160 acres. License for seven years. Upset rental, £177 per annum.-Thc Tcoirme tition was exceedingly brisk, £10 bids being received is quickly as they could be taken by the auctioneer There was also one advance of £50. After remarkably spirited bidding, the run was bought by Mr Bartleman, agent for the present lessees, for £610 Run No. 236U, about 18,310 acres. License for seven Tears. Upset rontal, £229 per annum.-Tho com petition was of the same character, £10 bids beinir jivot. very rapidly, so that very soon £880 was offered. A question was asked as to whether the term of lease was 10 years, as that was the time men Honed in the Gazette. Mr Martin said that the noti" ftcation in the paper was correct, the term being seven years. Finally £910 was bid, at which sum it was knocked down to Mr Stronaeh, agent for Mr Robert Stewart. Subdivision of Run No. 237, Mamototo and Vincent Counties, Dunstan Creek, part of "Morvpn Hills " (occu, icd by Dalgety and Co.). Run No. 237, about 9850 acres. License for 10 years 1 rental, £144 per annum.— The bidding for the

runs in this subdivision was commenced in the same brisk manner, no less bids than £10 being offered, more than three times the upset price being reached before it was disposed of. It was repurchased for the present lessees, Dalgety and Co., tor £480 by Mr Moore.

Run No. 237 A, about 14,330 acres. License for 10 years. Upset rent&i, £209 per annum.— Again competition was brisk, and in two minutes it reached its limit at £410, at which price it fell to Mr W. L. Simpson's bid, being purchased by him as agent for Messrs Murray, Roberta, and Co. Run No. 237b, about 17,020 acres. License for nine years. Upset rental, £248 per annum.— Fully half a dozen gentlemen competed for this lot, which was sold to Murray, Roberts, and Co. for £640, being also purchased for them by Mr W. L. Simpson, as agent. Run No. 237 c, about 16,790 acres. License lor nine years. Upset rental, £245 per annum.— There was no advance on the upset price, offered on behalf of the present lessees, Daljtety and Co., by their agent (Mr Moore), to whom it was knocked down. Run No 237 d, about 10,030 acrea. License for 10 years. Upset rental, £146 per annum.— Competition was again briskly resumed, and the present lessees, Dalgety and Co., re-purchased this at a considerable advance, the price given being £510, which was offered by their agent, Mr. Bartleman. Run No. 237b, about 9210 acres. License for 10 years.

Upset rental, £134 per annum.— The same spirited bidding continued, and this was also purchased for £530, by Mr Bartleman, agent for the present occupiers. Subdivision of Run No. 238, part of " Morven Hills," called " Ardgour," occupied by Dalgety and Co. Run No. 238, about 13,670 acres. License for eight years. Upset rental, £171 per annum. Re-purchased for Dalgety and Co., for £550, by their agent, Mr Moore.

I Run No. 238 a, about 16,380 acres. License for seven years. Upset rental, £205 per annum. —This was repurchased by Mr Moore, agent for the same buyers at £460. No bids of less than £10 were received, and there was little time lost in its disposal. Run' No. 238b, about 14,720 acres. License for seven years. Upset rental, £184 per annum.— At first it seemed as if this must fall at the upset rental, and it only realised an advance of £6, being also sold to Dalgety and Co. at £190, offered by their agent (Mr Moore). Run No. 238 c, about 7900 acres. License for six years.' Upset rental, £100 per annum.— This was repurchased \>y Mr Moore, for Dalgefcy and Co., after brisk competition with one other intending purchaser, at £270. Run No. 238 d, about 7000 acres. License for six years.) Upset rental, £100 per annum.— Mr Moore also secured this lot, at £240, for Messrs Dalgety and Co. Run No. 238E, about 8570 acres. License for six years. Upset rental, £107 per annum.— For this run the bidding was remarkably quick even compared with the prevailing rapid bidding, and though there were apparently only two bidders it reached £360, at which figure it fell to the present lessees (Dalgety and Co.), being again purchased for them by Mr Moore. Run No. 288F, about 14,830 acres. License for six years. Upset rental, £170 per annum.— The bidding for this run was more general, but not more spirited. It, however, reached £490, when it was knocked down to the same buyers, Dalgety and Oq< , Run No. 238 a, about 16,890 acres. License for seven years> Upset rental, £211 per annum.— The same purchasers were again suocessful at £500 ; the whole of the lots in this subaeotion being repurchased for the present occupiers, Dalgety and Co., at a total advance on the upset price of £1808, the upset prlo«s amounting to £1257. Subdivision of Run No. 289, known oa the " Fork Bun," north of Newcastle township, and west of . lawea River, oooupied by Henry Campbell. Run No. 289, about 11,200 acres. License for 10 yeari. Upset rental, £175 per annum.— Re-purchased by present occupier, Mr Henry Campbell, for £870. Run No. 239 a, about 6200 acres. License for seven yeari. Upset rental, £76 per Annum, -Twice the upset rental was offered .to start, and in £10 bids it was run up to £220, -and re-purchased by Mr Henry Campbell. . Subdivision of Run No. 240 a, country lying in the 1 vicinity of Wanaka Lake and Pembroke Township, ' and adjacent to the Lower Cardrona Valley, occubied by Henry Campbell. , Run No. 240, about 6000 acres. License for one year. Upset rental, £70 per annum.— This run was passed, there being no bid, but afterwards Mr Huddlestone offered to take it at the upset price, when it was but up again and sold to him for that sum. Ran No. 240 a, about 5320 acres. License for four years. Upset rental, £145 per annum.— Re-purchased by Mr Henry Campbell at upset price. R&n No. 2400, about 6710 acres, License for five years Upset rental, £165 per annum.— Re-purchased by Mr Henry Campbell at upset price. Run No. 240 d, about 6040 acres. License for six yea&. Upset rental,' £137 per annum.—Sold at upset price to Mr Henry Campbell. (Re-let) Run No. 240b, country running back to Mount Pisa Range, east of Nos. 240, 240 a, 2400, and 240 d, occupied by Hpwell, Loughnan, and Cocks. Run No. 240b, .about 14,800 acres. License for seven years. Upset rental, £120 per annum.— Mr Martin explained that this run had, not been subdivided, and that was the meaning of stating that it was] to be re-let. It did not mean that it would be sold for its previous rental, as some imagined. For some time no advance on the upset price was offered ; but] a bid of £10 was given, and then it ran up to £450, at which price it was purchased by Mr Simpson for f present occupiers— Messrs Howell, Loughnan, and Cocks. Suijdivisien of Run No. 246, country lying from the \ Luggatebum down west side of Clutha River to 'Lowbura, occupied by Howell, Loughnan, and ' Docks.

Run No. 246, about 12,180 acres. License for five yeajrs. Upset rental, £280 per annum.—Sold for £100 to same purchasers— Messrs Howell, Loughnan, and Cocks— Mr Spence acting as agent. Run No.' 245 a, about 11,800 acres. License for five years. Upset rental, £260 per annum.—Re-pur-chased by Mr Spence, for the same buyers, at upset price. Run No. 245b, about 23,680 acres. License for seven years. Upset rental, £300 per annum.— Mr Spence again tendered the upset, at which It was knocked clown to the same buyers. Run No. 245 c, about 13,660 acres. License for seven years. Upset rental, £280 per annum.—Re-pur-chased for same buyers at upset price of £280 by Mr Spence. Run No. 245 d, about 12,540 acres. License for seven years Upset rental, £260 per annum.— Mr Spence also re-purchased this, for present occupiers, at £400. The entire run. of about 78,860 acres, thus fell into the hands of the present holders at a sum of £1680, being £300 over the total upaet, which was £1380. Subdivision of Run No. 249, known as "Earns- , cleugh," near Clyde, occupied by Strode and , Fraser. Run No. 249, about 10,700 acres. License for five years. Upset rental, £182 per annum.— The present occupiers offered the upset of £182, at which it was knocked down to them.

Run No. 249 a, about 16,640 acres. License for seven years. Upset rental, £283 per annum.— la this case again the run fell to the same buyers, at the upset price of £283. v (Run No. 249b, about 14,590 acres. License for 10 years. Upset rontal, £248 per annum.— Also repurchased at tho upset price of £248 by the present occupiers. Messrs Strode and Fraser thus re-pur-chased the entire run of 41,930 acres at the total upset price of £713. Subdivision of Run No. 220, on the Manuherikla River, near the township of Alexandra, occupied by Robert Campbell, sen.

Run No. 220, about 9400 acres. License for five years. Upsot rental, £235 per annum.— Bought for £510 by William Brown and Co., for present lessee Mr R. Campbell. ' Run No. 220 A, about 11,670 acres. License for seven years. Upset rental, £292 per annum.— William Brown and Co. also purchased this for the same buyer at £510.

Run No. 220b, about 8320 acres. License for five yearw. Upset rental, £208 per annum.— Re-purchased for the present occupier, by William Brown and Co at £340. '

Run No. 2200, about 7290 acres. License for seven years. Upset rental, £182 per annum.— Sold to same buyer at JEI9O. Mr Robert Campbell, sen., was thus purchaser of 36,680 acres at £1550, or £633 over the total upset, which amounted to £917. Subdivision of Run No. 221, " Moutcre Station," occu-

pied by M'Laren and Tunibull.

Run No. 221, about 8520 acres. License for eight years. Upset rental, £213 per annum.— Here, again, the competition became general, and several £20 bids were made. It was re-purchased for £550 by Mr Cargill, on behalf of M'Laren and Turnbnll.

Run No. 221 a, about 6650 acres License for seven years. Upset rental, £130J per annum.— This lot was knocked down to same buyers at upset price. Run No. 221 i), about 5350 acres. License for seven years Upwet rental, £111 per annum.— Also sold to same buyers at upset price. Run No, 2210, about 0357 acres, License for seven

le years. Upset rental, £l32,per,.annum,— The competi1, tlon was resumed with ttferable'brlskne'.s, this IOt) id falling at £370 fd Oonriell and 'Meddle, agents for the le present occupiers. . , [r Run No. 221k, about iij6?o acres". License t»r eight years. Unset ental, £289 per annu"m. Sold to Con0 dell and Moodie for jL'S2O, for frame buy re. ?' Subdivision of Run No. 223, " Matakanui Station, ' 58 occupied by representatives of J. G. G. UlassforJ. ?8"? 8 " Run No. 223, about 14,440 acres. License for five years. Upset rental, £361 per annum. —Tho bidding ie in this case was most spirited. For the first time a „ succession of £50 bids was given, the price boinsf iuu up at that rate until the sum of £650 was reached, " after which the price advanced i-i £10 bids to £701, at which it was sold to Mr J. M. Ritchie, agent for ia J. d. Qi Glassford'a representatives. l 0 Run No. 223 a, about 14,030 acres. License for five , c years. ! Upset rental, £351 per annum.— Very similar [ r bidding prevailed in this case", arid it reached £820, though only tvo were competing. It was sild to the L 0 same buyers through their agent, Mr J. M. Ritchie, at n that figure. g Run No. 223b, about 7900 acres. License for nine ■ ' years. Upset rental, £198 per annum.—Sold for £400 jg to Wmj Brown and Co., also agents for Glasdford's representatives. s Run No. 2230, about 7700 acres. License for nine ,j[ years. Upset rental, £193 per annum.— Sold at Mr ' r Ritchie's bid of £250 to the same buyers. ' Run No .223 d, about 7240 acres. License for nine years. ' Upset rental, £181 per annum.— This lot was „ ran up in £10 bids to £370, when £5 bids were • offered, and in this way it ran up to £405, at which it was knocked down to Kobert M'lntosh. Mr Wm. JJ Brown disputed the bid, having offered £410.— The ■ a bt was then put up again, and advanced to £450, at lr which figure it was purchased by Wm. Brown and Co. for the same buyers. n Rnn No. 223b, about 6910 acres. License for five c " years. Upset rental, £173 per annum.—Sold for £440, ™ offered by J. M. Ritchie on behalf of the present occua piers. The whole of the lots in tho above subdivision of Run 223 were thus re-purchased by the present S holders for £3060, or £1603 above the upset, which ™ amounted to £1457. The extent is 68,220 acres. *o Subdivision of Run 256, north of the Knobby Range, r near Alexandra, occupied by Robert Campbell sen. _ Run No 256, about 16,680 acres. License for seven years. Upset rental, £311 per annum.— Offers for " this run were very slowly received at first, and it ' seemed as if it must go at £4 above the upset, when 1 £6 and £10 bids began to be tendered briskly, until the amount realised was £490, offered by William Brown and Co. on behalf of |the present holder. Run No. 256 A, about 8210 acres. License for seven years. Upset rental, £164 per annum.— This lot was q sold at only £2 above the upset, to the same buyer, h Subdivision of Run No. 232, between the branches of ■c the Manorburn and the Gorge of the Clutha b River, occupied by Robert Campbell, sen, ), Run No. 262, about 14,280 acres. License for 10 years. Upset rental, £268 per annum.— There was x an advance of £2 above the upset by the same buyer, g to whom it was knocked down at £270, 1. Run No, 262 a, about 15,300 acres. License for 10 ti years. Upset rental, £287 per annum.— This lot only realised £290, and was also purchased by the present a occupier through his agents, Wm. Brown and Co. c Run No, 262b, about 18,610 aores. License for seven c years, Upset rental, £255 per annum.— Re-purchased t by the same buyer at £260. H Run No. 2620, about 28,590 acres, License for 10 i years, Upset rental, £589 per annum (shown on lithograph sheet No. 4).— There was very little competiIe lion for this lot, which was also purchased for the pref sent ocoupier at £650 by Wm. Brown and Co. Sun Ho. 262 D, about 28,0fi0 acres. Lioensa for 10 n years. Upset rental, £850 per annum (shown on llthoj graph sheet No. 4).— The bidding for this lot was remarkably brisk between two competitors. After , £400 had been offered £10 bids were quickly received, t until it was disposed of to W. Brown and 00. for £690, I also for the present occupier. f LAKE OOUTTY. (Re-let) Bun No. 444, west of Motatapu Siver, recently i occupied by Thomas Bell. , Run No. 444, about 6500 acres. License for 10 years. ■ Upset rental, £10 per annum.— The only, offer for this lot was the upset by Mr John Stephenson (Wright, > Stephenson, and Co.), to whom it was knocked down > amid applause. I Subdivision of Run No. 214, between the Mataura and ' Nokomai Rivers, occupied by Joseph Rodgers. r Run No. 214, about 8650 acres. License for 10 I years. Upset rental, £70 per annum. -The present occupier repurchased this run after fair, competition j at £150. i Run No. 214 a, about 7910 acres. .License for nine years. Upset rental, £80 per annum.— This was . knocked down to the present occupier at the upset 5 price of £80. j TUAPEKA COUNTY. , t (Re-let) Run No. 215, includes 212b, Pomahaka River I to Benerer Commonage, occupied by Joseph Clarke. Run No. 215, about 26,770 acres. License for 10 ' years. Upset rental, £100 per annum.— The bidding ' was fairly brisk, £10 bids being freely received until r the sura realised was £220, at which h was sold to the " present occupier. , Subdivision of Run No. 199, Teviot Station, occupied r ' by Cargill and Anderson. ; Run No. 199, about 17,630 acres. License for eight > years. Upset rental, £350 per annum.— lt was some i littje time before an advance was received on the , upset, but four £10 bidß brought the amount up to £390, at which sum it was disposed of to E. B. Car- . gill; on behalf of Cargills, Gibbs, and 00. , Run No. 199 a, about 28,900 acres. License for 10 I years. Upset rental, £265 per annum.— There was I good bidding in this case, and the auctioneer knocked down the run for £376 to Mr Cargill, when a dispute arose, and on its being put up again the sum realised was £470, at which it was finally disposed of to Mr Cajgill. Run No. 199b, about 20,580 acres. License for nine years. Upset rental, £200 per annum.— £lo bids were steadily offered by Mr Cargill and another competitor until £390 was reached, at which sum it was disposed of to the former gentleman. Subdivision of Run No. 200, Miller's Flat, recently occupied by John MD. Henderson. Run No. 200, about 14,510 acres. License for eight years. Upset rental, £380 per annum.— Competition was very good among two or three intending purchasers, and it was finally disposed of to Mr Bartleman at £630. Run 200 a, about 13,020 acres. License for eight years. Upset rental, £325 per annum. —£lo bids were quickly received for this lot, and competition was exceeding ly b good. Mr VV. L. Simpson was the purchaser, for Murray, Roberts, and Co., at £510. Subdivision of Run No. 170, Beaumont Run, and part ' of Ruu No. 353u, occupied by P. C. Neill Run No. 170, about 16,4ii0 acres. License for nine years. Upset rental, £280 per annum.— The same ■ remark applies to this lot, and no time whatever was lost until £670 was reached, when it was disposed of to Mr Street, as agent for A. Brown and Co. Run No. 170 a, about 13,100 acres. License for eight ] years. Upset rental, £lbO per annum. -The putting up of this run evoked lively bidding, and £10 bids soon brought the amount offered to £500, at which it was disposed of to Mr Stronach, agent for the N.Z.L. and M,A. Co. ] Ruu No. 170b, about 6010 acres. License for seven years. Upset rental, £120 per annum.— There was fair bidding for this lot, the purchaser being Mr D. M. Spedding, at £210. Subdivision of Run No. 212 a, Dusky Hill, on Poma- r i haka River, occupied by J. F. Herbert. Run No. 212 a, about 3140 acres. Liconse for six years. Upset rental, £52 per annum.— timall bids were freely received, and this lot was knocked down after good competition to Mr D. Proudfoot at £150. £ Run No. 212 c, about 4500 acres. License for seven years. Upset rental, £80 per annum.— After very brisk bidding the purchaser was Mr Chaplin, agent for Mr D. Proudfoot, at £175. * Run No. 212 d, about 3350 acres. License for six years. Upset rental, £56 per annum.— The same bpyer purchased this lot at £120. > (Re-let) Run No. 179, Blue Mountains, occupied by the £ N. Z. and A. L. Co. Run No. 179, about 13,690 acres. License for eight years. Upset rental, £180 per annum.— Smart bidding ensued, and the lot fell to Mr D. Proudfoot at ■" £420. SOUTHLAND COUNTY. (Re-let) Run No. 251, Venlaw Station, on Mimihau, N occupied by W. R. Thornhill. Run No. 251, about 21,270 acres. License for eight years. Upset rental, £200 per annum.— Mr Bartleman N purchased this after fair competition at £300. Run No. 359, head of Nokomai, about 15,000 acres. License for 10 years. Upset rental, £120.— N0 offers were received, and the lot was passed in. N Run No. 432, adjacent to Run No. 359, about 9500 acres. Licenso for 10 yearp. Upsot rontal, £30.— The N only offer was the upsot by Mr Robert Stewart, to N whom it was disposed of at that figure. The following is a tabulated s.fca.ten;jent of the result of the whole sales ;—

tAI > ;\ B M Present Lssseb. Sub[VISION H g h3 Upset. Price Realised. Purchaser;. 3 J •' Original Run. ACR'AOB I. . No. 2?6, Lauder, base ol 3 the Dunstan Range [ I No. 228, base of Mount St. , I Bathand of Handyside and Roberts 3tl P. G. Daigety No. !226 22<U 2208 228 c •226 d (228 1228 A (224 224 A 2248 224 c 2-24 d 32,430 18,440 16,600 8,830 6,630 32,740 19,730 6,730 5,850 6,010 4,230 5.020 Yrs 3 10 3 10 3 10 3 10 9 10 3 7 3 7 9 4 0 4 B 4 i) 4 0 4 & 697 & {300 a year 336 do 416 do 221 do 141 do 0 400 do & 200 do 167 do 171 do 9 164 do 123 do 146 do & v 690 \ 836/ 730 > 350 310' 617 453 280 290 280 2LO 255 0\ Keenan&Morgan S / John Roberts 0 > Keenan* Morgan 0 ( Keenanfc Morgan 0 ' Keenan & Morgan 7 B. J. Spence 3 E. J. Spence 0 P. G. Pogson 0 F. G. Pogson 0 F. G. Pogson 0 P. G. Poison 5 P. G. Pogaon k Rosa and Glen1 dining do 0 p. G. Pogson 5 p. G. Pogson 5 p. G. Pogson 5 P. G. Pogson 0 P. G. Pogson 5 F, G. Pogson 0 E. A. Chapman 0 K. A. Chapman 0 E. A. Chapman 0 Mt. Ida Pas. Co. 0 da 0 do 0 do 5 do 5 J. M. Ritchie 5 J. M. Ritchie 5 Stewart and 5 M'Kenzie 5 do 0 do i) do 5 do 0 John Creighton 0 D. &J. Mallocn 0 Currie and Sona 5 Joseph Preston 0 Joseph Preston 5 Reid & Duncans 392 t No. 224, Blackstone Hill, f Ida Valley in » Rolland Bros. 379 ' No. 227, main road, Hill's Creek, back to the Hawk- ,' dun Mountains ll ' s F. G. Daigety U 227 V227A 39,680 10,000 0 10 0 7 392 12 i 440i 440 d 0 ' 2 )220 do (*l3? do 127 do 210 do 29' do 162 do 186 do (280 do 3 \IBO\ 180 do (280( 280 do 16 300 do noo do s 100 do 8 "Woo do (100 do . j 500 do * ]250 do i, (175 do ' (135 do /101 do n )170) 170 do 0 1 95 do ( 80 do ( 120 do 1 I 20 do ( 45 do ( 230 do 5 \ 230 do (150 do 645 345 c , No. 225, Highfiold, in Ida , Valley and White Sow Valley s I No. 222, nn the Wetherf I burn and Taieti River 3 j No. 306, Mt. Ida (re-let) ! I No. 219, Eweburn Station, I j Taiori River 1 No. 248, between Taieri I River and Sowburn No. 211, Mt. Ida and Kyeburn Slopes do »w Rolland Bros. 3r ' 11. S. Chapman Pastoral Ccmp'ym > Jos. Rogers Sri Murray.Roberfcs, and Co. te- Stewart & MacKenzie {225 225 A 22515 225 c 225 D 225b (2^2 n \ 222 A I 2228 'y. 306 /219 J2I9A ")219b (2100 bs, (218 \ 218 a ie- (211 I 211 A /208 a ie- J 206 c 1206 V (206G ?206b (20BK f vO3A 11 \ 203k (203 c 4,550 4,850 7,190 9,9e0 5,550 6,370 10,950 0,090 0,330 2rf,930 4,600 5,270 4,5-20 9,030 23,600 2-1,800 25,930 16,940 4,010 7,370 6,650 3,200 11,770 4,090 5,220 8,000 6,060 6,750 0 5 0 5 0 6 0 7 0 6 0 7 0 3 0 3 5 3 0 7 0 5 J 6 3 6 3 5 9 7 3 10 3 10 B 10 B 10 9 4 3 4 9 • 5 I) 10 B 10 9 10 0 ■ 5 B , 7 3 '10 626 443 225 328 734 270 255 375 515 270 8!)5 530 320 560 650 .no 270 250 165 916 805 405 316 2*5 210 2'll) 225 500 120 ! •270 405 310 306 377 » I No. 206 a, Kyeburn Stewart & MacKeuzio 490 I No. 206b, head of Kyeburn, on western slopes of the Kakanuis he A. M'Master 171 INo, 203,Swinburn and Kyeburn !0 ' Joseph Preston 415 No. 204, Hamilton and 1 Rowley's, fronts the [ Taiori River, and extend* ' tends to the Rock and } Pillar Ranges 1 No. 247, Puketoi, along the ' eastern (ace of the Rough Ridge * No. 308 a, part of Puketoi 3 (re-Jet) ad *l e Rowley and Hand milton j£ Wateon Shens fl nan a- 204 204 A /247 n- 247 A n <247b 247 c 0- \,247d 308 A 14,360 18,960 6,240 9,390 12,540 10,700 11,000 8,760 3 6 ) 6 3 3 3 5 3 5 3 6 3 7 3 7 569 Q (300 do 8 1260 do !208 do 313 do 418 do 357 do 367 do 3 250 do 735 920 295 fSO 640 410 470 420 5 ) Hamilton and 3 f Rowley' 5 W. Shennan B W. Shennan 9 \V. Shennan 3 W. Shennan. D W. Shennan 0 W. Shennan 606 toi Watson Shenban 173 f I No. 308b, Maniototo a. M. Turnbull 1 (308b \3oßo 28,200 15,890 3 10 3 10 423 „ (400 do d h 350 do 910 560 H R. M. Turnbull 0 R. M, Turnbull I No, 201, Waitaki (re-let) j I No. 283, Waitaki (re-let) , I No, 362 a, Waitaki (re-let) ) j No. 362b, Waitaki (re-let) Young and Dalgety T. 0. Hill i) Stewart and M'Kenzie ) Mt. Ida Pastoral Company Bor t o n and M'Master Bor t o n and M'Master &1- 201 J m aa \ 862 A " al 3628 70,193 21,120 43,640 26,030 J ' h ) 10 3 10 ) 10 634 66 306 302 4 555 do 6 75 do 6 800 do 2 300 do ■• 490 300 •• . No bid 0 B. J. Spence „ Stewart mi MW' J Kenzie. . No bid i No, 800, Waitaki (re-let) t No. 301, Waitaki (re-let) ld 300 17,320 )| 9 187 7 300 do 800 3 J.M.Ritchie ' d 801 27,870 j > . 96 6 300 do 495 ) [J. JI. Ritchie Nob. ,217 a and 217b, north- ) east of Kakanui Mountains ■ Nos. ,'200, 464, and 11. Kakanui Mountains and Horse Range I No. 17, Waitaki Slopes 1 No. East of Hawkdun Mountains I : I No. 210, Deepdell Station i nn- Penwlok Bros. to N.Z. & A.L.'Co. R, Campbell, jun. nn i S.Z. & A.L. Co. n(1 Sir F. D. Bell (217 <21U (2178 (209 !o. 1 464 AllA 11 "' 17 445 1210 210 A 2108 2100 210s 210b 210F 210 a /261 I 261 A /261b \2610 J26ID V 2618 18,b30 12,600 17.630 1 4,910 7,930 7,030 12,500 16,280. 8,870, 7,010 8,540 4,810 6,140 8,4*0 6,830 9,210 11,800 8,830 12,610 117,150 23,830 19,730 ) 8 ) 8 )■ 6 ) 7 ) 8 J 9 ) 10 >. 10 >. 8 ) 6 ) 8 ) 6 3 5 i ,3 1 8 B 3 0 5 B 7 0 7 » 7 0 .8 0 8 405 436 160 55 681 200 do & 200 do 225 do 76 do 6 100 do 90 do 0 250 do 5 I 75 do 184 do 138 do 200 do 118 do 160 do 211 do 171 do 230 do /197 do 11471 147 do o 12091 209 do ' '* \286 do 1 397 do do 610 850 780 140 235 610 640 > U 17b 880 880 290 430 330 300 380 400 147 1 265 405 605 405 3 NZ. and A.L Co. ) do 9 P. Fenwick 3 p. Fenwick 5 N.Z.andA.L.Co, 9 do * R. Campbell and 1 Co. , 0. A. B. Huddle1 stone D N.Z.andA.L.Co. 3 do B do 0 do D do 0 do 0 do 0 do 0 Sir F.D. Bell 7 do 5 do 5 do 5 do 5 do n Murray, Roberts, n and Co. 0 do 0 A. Boyd 0 do 0 do 0 James Sh&hd 0 D. Proudfoofc 5 James Shand 0 B. B. Cargill 0 do 5 F. C. Fulton INo. 201, Rough Ridge and Ida Valley 852 1 ■ Ik, Murray-Roberts, and Co. j • No.. 213b, Gladbrook, : Strath-Taieri No. ,254, Rocklands \ Noi 260, north of Lee Stream No,, 185, between Lee Hundred and Hindon N0.'218, Mount Stoker N0J259, south-east of Lam- ; m'erlaw \ , [law Noi 186, east of LammerNo.: 235, Morven Hills, Vincent County Ik. Gray 168 a. Nichol in * James Shand te,M 213b h 2130 (264 1264 A1 264 A (260 1260 A (185 JIBSA 1 d ( 218 \2IBA 259 12,190 26,440 47,740 30,050 27,450 3,350 4,600 3,250 12,560 9,520 31,150 0 10 0 10 0 10 0 8 0 9 0 7 0 7 0 7 0 5 0 6 0 10 13781 378 18311 831 | 278 | 273 14111 411 rQ 204 do 8 441 do , n 597 do 11 601 do ro 300 do 8 60 do „ 70 do 3 80 do . 210 do 1 225 do 8 00 do 250 870 1000 660 810 120 310 125 800 700 416 Gellibrand and Smith m- P. G. Fulton iw 78 »- do 186 J235 1235 A !236 236 a 236b 236 c 2360 2368 236f 236 a 236H /237 I 237 a /237b \237c |237 d V 2378 238 238 A 238b 2380 238 D 238b 238f 23Sa (239 (239 a /■240 )240A ]240 c (240b 1- 240b 27,260 23,400 30,330 26,210 14,080 5,070 5,000 6,960 3,760 3,450 12,160 18,310 9,850 14,330 17,020 16,790 10,030 9,210 13 670 16,380 14,720 7,900 7,000 8,570 14,330 16,860 11,200 6,200 5,000 5,320 5,710 6,040 14,300 0 0 0 10 0 10 0 10 0 7 0 5 0 5 0 5 0 8 0 8 9 10 3 10 9 10 3 10 3 9 3 9 ) 10 3 10 ) 9 ) 7 ) 7 ) 6 ) 6 > 6 ) 6 > 7 1 10 I 7 i 1 i 4 G 1 7 511 .1 300 do , (293 do 5 "i 380 do 1328 do 206 do 120 do 120 do 170 do 60 do 50 do 162 do 229 do A 44 do 12091 209 do 0 /248 do 2 \ 245 do 1 146 do V 134 do 171 do 205 do 184 do „ 100 do 1 100 do H 7 no 179 do 211 do , ( 175 do 1 1 75 do ( 70 do , J145J 145 do J 1 165 do (137 do I 120 do 1060 405 850 560 730 310 450 380 120 215 610 910 460 410 640 246 510 530 650 460 190 270 240 360 490 600 370 220 70 145 165 137 450 0 do 5 Daigety & do. 0 do 0 do B do 0 do B do B Archibald Frasejr 3 R. Stewart 5 Daigety & Co. 9 do B R. Stewart B Dilgetj & Co. 9 Murray, Roberts ? do 3 Daigety & Co. 9 do 3 do 3 do 3 do ) do 9 do ) do ) do ) do ) do ) H. Campbell ) do ) do 1 do i do do i Howell, Loughnan, and Cocks I do i do ' do 1 do do Strode <fc Fraser do do R. Campbell, sen. do do do M'Laren and " Turnbull do do do do Glassford's repal do do do do do R. Campbell, sen. m " Daljjefcy & Co. 515 ! in " Daigety & Co. ' No. 238, Morven Hills, Vin1 cent County 1 ; 975 ; ■ ad Daigety & Co. 1 No. 237, Maniototo and Vincent County 1012 No. 238, Morven Hills, Vincent County n " Daigety & Co. 872 No. 239, the Fork Run, Hawea "' H. Campbell 194 j No. 240 A, Wanaka ] H. Campbell 223 No. 240b, Mt Pisa Range ] Howell, Loughnan, and Cocks 54 No. 245, Clutha River ' No. 249, Earnscleugh, near s Clyde = Howell, Loughnan, and Cocks " tr Strode & Eraser - ES , I 245 A " ■{ 246b I 245 c (249 * i 249 A (249b /220 I, J22OA '] 220b (220 c /221 12,180 11,800 23,680 13,600 12,640 10,700 16,640 14,590 9,400 11,670 8,320 7,290 8,5,20 6 6 7 7 7 5 7 10 5 7 6 7 8 865 435 f2BO do 1 260 do i ■{ 300 do 1 280 do 1^260 do ( 182 do i \ 283 do (248( 248 do (235 do 292 do 203 do 182 do /213 do 440 260 300 280 400 182 283 248 510 510 340 190 530 No. 220, Manuherikia R. Campbell, sen. | 647 ■ M'Laren and J Turnbull ] i No. 221, Moutero Station * No. 223, Manuherikia J J. G. G. Glass- ) fold's Repre- \ sentatlves I I J 221 A 1 221b 1 221 c V.2218 /223 I 223 A - 7 223b • \ 223 c I 223 d \223b 6,650 3,350 6,857 11,670 14,440 14,030 7,000 7,700 7,210 6,910 7 7 7 8 5 5 9 y 9 5 472 J139J 139 do Mil do , 132 do (,289 do I do 51 do / 108 do \ 193 do : 181 do V 173 do 139 111 370 520 700 G 820 400 250 450 440 1045 No. 256, Alexandra R R.Campbell, -I sen. ( M 256 'h 256 A 1 16,580 8,210 7 7 372 /3U do ■ I 154 do : do : 287 do : ■/ 255 do i ) 636 do ( (356 do f 10 do f 70 do ] I 80 do 100 do S (350 do a 265 do 4 200 do 3 (360 do 5 I 325 do 5 [ 280 do 6' 100 do 51 i 120 do 2: (52 do li •I 80 do V, (56 do 1! 180 do 4i 200 do 3( 120 do 30 do I 490 B 156 No. 262, Clutha B No. 444, Motatapu River Tl No. 214, Mataura J( No. 215, Pomahaka River J( No. 199, Teviot Station °' No. 200, Miller's Flat J * R.Campbell, J den. 1 Thos. Bell Joseph Rodgers -I Joseph Clarke Cargill and An- J derson j J. MD. Hender- / 8011 I ?"262 262 A ■^262b 2620 444 (214 1214 A 215 T199 ■<199 A (199b /200 |200 A 14,280 15,300 ! 13,610 28,500 : 28,050 : 5,500 8,650 : 7,910 26,770 ] 17,360 28,900 ] 20,580 10 10 7 10 10 10 10 9 10 8 10 9 8 8 744 29 256 354 549 572 270 290 260 650 690 10 J, 150 J ( 80 220 J, 390 Ci 470 390 520 A - 510 M | do do do do do do John Stepbenson Joseph Kodgers do Joseph Clarke Caryills, Gibbs, and Co. do do A. Bartleman Murray, Roberts, and Co. A. Brown and Co. N. Z. L. andM. A. Co. D. M. Spedding D. Proudfoot do do do A. Bartleman Passed R. Stewart 14,550 13,020 No. 170, Beaumont P. P. C. Neill } {170 170 A 170b 16,480 13,100 0,010 9 8 7 441 670 A. 500 w - 210 n' No. 212 A, Dusky Hill J. J. F. Herbert \'. A 00. (! N. V b. iud U. 1 (212 a •^212b (212 c 179 (251 (432 3,140 4,500 3,350 13,(590 i 21,270 1 15,000 ll 9.5C0 ll 0 7 6 8 8 10 10 124 v. 150 D. 175 120 420 300 A. On No. 179, Blue Mountains N. 45 175 110 29 No. 251, Venlav Station, . v Mimihau w ' 1 1 ' W. K. Thorhill h Pa 30 R.