PROPERTIES AT AUCTION

Timaru Herald, Volume XCIV, Issue 14359, 3 February 1911, Page 6

PROPERTIES AT AUCTION

3UB SMITHSON'S SALE. Any boom in land values was not at all evident in Tattersall's Sale-rooms yesterday, when Sir S. i\ Smithson s town properties and country sec-tions were offered for sale by auction tv ~V»es>rs Guinness and LeCren, Ltd., in conjunction witli the Canterbury Farmers' Co-operative Association, Ltd 200 persons were present, ami after lengthy conditions of sale were read, the auctioneers, Messrs G. Jones and J. Maling gave brief descriptions of the properties. Mx Muling said that the present s.itc was one of the most important cl its kind in the history of Timam. Never before had such a. large number of valuable sections, comprising reside ces, building sites and sectnas suitable for the erection of factories been offered together. Their value too was bound, to increase, certanily it would never diminish. ''lt had been said," remarked Mr Maling. "that Timaru has reached its limit"sis an agricultural centre. Well many of us eniirely differ from such an opinion. T(ie hack country has only hern scrat-hed." (Rear, hear). Section.*, lie said, had in the past beon sold nt admittedly high prices, but people scorned contented to pay them, and, more interestinn still, went on paying thorn. Mr Jones roferrcd enthusiastically to the suggested expenditure of a large gum of money on Caroline Bay; °a scheme which, he said, the majority of them would strongly support. Such a scheme would greatly enhance tho value of many of the town properties t'- he offered that day. The following are particulars of the snle, wh.ch lasted for about ninetv minutes. Lob wilh 4-roOmed house, frontage_ of /o links to Scaview Terrace, 1 anc( containing 22 roods 2 porches | was sold to Mr Geo. Trigg?: at £240 ' | ro^t 1 , 4 ' 33 perches, with 02.2 units frontage to Nelson Terrace isold to Mr Wm. Martin, at £220. n J-,i 3, LeCren Street, containing 256 perches, with 70.8 links frontage, sold to 3lr O'Hagnn, at £BO. Arthur Street, containing 1- 2 porches, with 54.7 links frontage, sold to Mr A. Ttmimlhill, at £7O Properties were nassed in as follows: •Lot 2, IVelson Terrace, with residence occupied by Mr Kil.y, :uid section or 27 perches, at £1075. ' Nelson Tcn ' :K ' ; -. 27 perches, Lot- 10. Sonvicw Terrace, 25.4 percncs« at -C°io. 1 Lot n. : Terrace, 33.4 per- , at

'Lot VI. Xi'lson Torrsu'e, 25.5 perrhi'.s, .-it tmi.

Lot Lo. Sel'ton street, 1 rood 120 per*.elms, £2SO.

Lot 17, Sel'ton street, with house, 1 rood, :it. X'looo. Lot 21, cornor York ami Chester streets, 22 perches with house, at £3HO. Lot 22, Chester street f 35.2 perches, at £ 150.

Lot 23, Chester street, with houß©, 35 2 perches, at £2OO. Lot 24, Wni-iti road, 1 rood 31 perches. with house, at £BOO. Lot 25, Albert street, with house, 1R.3 perclu's. at £^so. LoOpm Kt-root, Lot 1. 25.6 perchos, at £110; Lot 2, do., at £95. Sophia streot, Lot 4, 1 rood, at £BOO. Arthur street, Lot 10, 17.6 perches, at £6O. , t , Lot cornor York- and Arthur Btreets, 17.5 perches, at £BS. Lot 12, High stroet, at £IOOO. Lot 13, Gibson street, 1 rood 18.4 perches, with house, at £3OO. Lot 14, Middle street, .12.7 perches, at £125; Lot 15, do., at £135. Silverstream, Lot 22, two perches, Cave, Lot 16, 1 rood, at £lO. Among those properties I'or which there were no odors, was Mr Smithson's own residence, "Faillie," m Sefton street, Messrs Guinness and L*Cren, Lt«., advise us having sold th« i Ba. Ir *lop at the Hook, after the sate, to Mr T. J. Tea<';!io. Sewnl of the passed in lots aTc under offer, and immediate sales nre assured.