Under the Hammer

Sun (Auckland), Volume III, Issue 671, 24 May 1929, Page 10

Under the Hammer

PROPERTY SALES AND PRICES *. -4 An auction of unusual interest was conducted at 11.30 o’clock this morning l at the rooms of Messrs. Palethorpe and Parkes, when farm sections and a beautiful country home were offered. The principal lot consisted of a modern home and 111 acres, situated on H»ll Road, opposite the residences of D. L Xathan and the Earl of Orford. The home is charmingly situated, and the property included nearly four acres of magnificent bush. There was a good attendance of active bidders, and the offerings opened at £3,000, rising in bids of £250 to £3,500, thereafter in bids of £IOO to £4,100 at which price it was withdrawn from vale. There was considerable inquiry for subdivisions of 188 acres of farm land in the same district—Manurewa. A subdivision of d 4 acres, together with buildings, was withdrawn when the bidding stood at £37 10s an acre. A property at 44 Warwick Road. Grey Lynn, comprising a section and modern bungalow, was offered today in a mortgagee sale by Mr. Ranfurly Smith. It was bought in by the mortgagee at an undisclosed price. There was a good attendance at the looms of Messrs. Squirreli and Co., when ArSf^ P f :rty -^L 36 P erches Seaview Road. KoS? w i th „ a two ' r °omed house and attached, was offered this morning. was dl £27C> VaS keen ’ and the P rice secured WRIGHT, STEPHENSON AND CO. The 23rd annual meeting of the memof T Wnghf, Stephenson and ComlaVted ’ was held at the head office of the company, Wellington, this ;\eek. m the presence of a large number of shareholders. The profit and loss account, including £34,072 19s brought forward from last year, showed a credit balance of £71,649 5s lid. A dividend of i per cent, on the ordinary shares was declared and the fixed payment to preference shareholders was adopted, leaving a war<? Ce ° f 3s 3d t 0 be carried forMessrs. W. D. Hunt, T>. Allan and M. C. Peatherstone, the retiring directors, were re-elected. Messrs. Barr. Here us and Company, auditors, were reappointed.