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A sale was held of timber comprising about 2,713,700 superficial feet of totara, matai, &c, on Section 41, Block IV., Hautapu, which resulted in the upset price of £1,880 being realised. A sawmill license to cut burnt timber on 100 acres at Tunanui has been granted to Messrs. Ellis and Burnand, who have provided superior plant and are supplying the Public Works Department with timber, besides selling building timber. An extension of the trade in building timber is impossible at present owing to the absence of settlement and distance from railway-station.

Summary of Land Transactions, and Revenue collected, during the Year 1901-2.

Transactions during the Year. Area under Lease at 31st March, 1902. Revenue received during the Year. System, Number. Number. Area. Area. CashRural Suburban Town 3 11 46 404 38 15 B. P. 2 32 3 23 3 27 A. R. P. £ s. d. Deferred payment Deferred payment made freehold Perpetual lease ... Perpetual lease made freehold 60 459 2 2 .2,351 3 28 1,209 7 6 3 824 0 0 14 I 808 12 10 *552 1 3 1 33 10 0 0 13,791 2 0 67 15,968 1 39 1,197 4 6 12,034 6 2 Occupation with right of purchase Lease in perpetuity Lease in perpetuity conversions Lease in perpetuity, land for settlement Village settlement — Gash Perpetual lease Perpetual lease (freehold) Village homestead — Lease in perpetuity Lease in perpetuity conversions Village - homestead special settlement (perpetual lease) Special settlement, deferred payment Special settlement, perpetul lease Special settlement, deferred payment made freehold Farm homestead, lease in perpetuity Improved farms... Small grazing-runs Small grazing-runs, land for settlement Pastoral runs 26 6,505 2 35 612 182,150 0 15 8,932 7 8 13 4 3,898 1 2 2,482 0 0 458 131,609 1 12 4,976 18 0 61 1,550 2 7 183 14,137 2 21 5,149 7 7 21 9 3 9 12" 1 11 163 4 0 2 15 0 28 12 0 1 1 li" 2 27 29 17 422 1 25 192 1 7 456 8,397 2 39 1,097 2 0 94 1,069 3 23 249 2 9 16 1,676 1 10 99 0 2 31 10 0 4 439 1 39 447 81,777 2 25 4,410 2 4 •1-9 1,444 1 0 165 74 1 16,855 3 30 71,390 1 4 1,030 0 0 1,434 5 3 1,951 8 10 2 3,120 0 0 23 29,911 0 0 ( 1 191 16 8 1,042 14 0 *6 9 6 5 8 5 Miscellaneous leases 36 35,345 0 9 175 79,627 0 18 Miscellaneous leases, land for settlement Native townships Survey fees which form part payment for land State forests Other sources 1 25 0 0 2 44 0 0 25 70 3 18 119 423 3 38 426 4 4 0 8 9 1,614 16 2 998 7 9 Total 346 70,605 1 20 2,907 638,433 2 33 48,613 13 5 Note.—Excluding freeholds new transactions are reduced to payable thereon being £2,616 15s, * Endowment. t Thii and 12 perches, which have been under do! !84 selector 10d. does not i )alloted for, orrc-d payment an ■s, within an area id perpetual lease, and conversions of tenure, the of 52,861 acres 1 rood 27 perches; the annual rent include thirty-nine , but not registered ) improved-farm holdings, aggregating 5,676 acres on the books.