New Zealand Official Yearbook Volume 7

New Zealand Official Yearbook Volume 7

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 edition. Excerpt: ... Survey), the conclusion must be drawn that a large measure of success has attended the operations of the Land for Settlements Acts so far. On the 31st March last there were 2,252 persons residing on the properties; the houses numbered 653; whilst the improvements efiected amounted to 94,789. The total area within the whole of the estates acquired (154,623 acres) that remained unlet on the 31st March was 15,314 acres. Total cost of the estates purchased to the 31st March.. 668,531 Roads, surveys, administration, and preliminary expenses.. 37,197 705,728 The lands disposed of are let at an annual rental of.. 33,912 The miscellaneous leases during the year...... 357 The lands unlet (exclusive of roads and reserves) are valued atarentalof.......... 1,718 35,987 It will thus be seen that were all the lands that have been offered for selection let, and bringing in rent, the return on the total sum invested would be just a trifle over 5 per cent.; but the rentals on the lands actually let are still bringing in a return on the total sum of 705.728, equal to 4-85 per cent. interest. As, however, the cost of the Rangiatea ( 14,014) and Pawaho ( 1,823) Estates are included in the above total, neither of which estates had been offered for selection at the 81st March, the cost thereol should be deducted from the total sum of 705,728, which leaves a balance of 689,891. On this latter sum it will be seen that the rents are bringing in a return of 4-96 per cent. The arrears, amounting to 1,363 3s., would reduce the latter percentage slightly. It is understood that the annual interest payable, calculated as for the 30th June, 1898, on the money borrowed and invested in these estates, more

Product details

  • Paperback | 292 pages
  • 189 x 246 x 15mm | 526g
  • United States
  • English
  • black & white illustrations
  • 1236978986
  • 9781236978981