H.—2sb.

Table No. I.— Land Transactions. Summary of Extracts from Search-notes into Land Transfers of Afforestation, Tobacco, Flax, and Tung-oil and other Companies, showing Inflation in the Price of Land : —

20

Area. Date of Transaction. Price. Remarks. Acres. £ Company No. 2 .. .. 22,154 20/11/29 5,551 Between 2/9/31 and 33,350 Includes a further 1,000 acres bought in 1931 for £414. 13/1/33 Company No. 4 .. .. 8,451 27/2/25 1,495 27/2/25 11,064 Company No. 5 .. .. 1,284 7/8/30 3,216 Vendors are the promoters and directors of purchasing 7/8/30 5,147 company. Company No. 6 .. .. 5,796 1920 11,595 The owner resumed possession under a mortgage and became 1927 75,000 chief shareholder in the bond-issuing company. Company No. 12 .. .. 540 4/7/29 3,562 The vendor, 6th July, 1929, is director and secretary to 6/7/29 20,000 purchasing company. Company No. 24 .. .. 995 4/11/25 3,831 The purchasers on 4th November, 1925, are three individuals 9/2/26 15,500 who are directors in a company to whom the land was sold 11/2/26 25,000 on 9th February, 1926. The land is then sold to a second company which is floated by the first; the three individuals referred to are directors in this company also. Company No. 25 .. .. 1,776 5/3/20 12,433 23/4/26 11,544 6/5/26 22,500 Company No. 26 .. .. 469 5/8/27 1,876 21/3/28 3,517 Company No. 27 .. .. 2,476 3/7/28 2,476 Vendor is a provisional director of the company to which the 17,000 land is sold. Company No. 28 .. .. 25,185 23/9/07 3,913 Vendor on 28th July, 1925, is promoter and director of 28/7/25 25,185 purchasing company. This sells to another company on 3/11/25 55,000 3rd November, 1925. Company No. 29 .. .. 12,700 2/6/25 20,637 20/7/26 41,275