NORTHERN ALLOTMENT SOCIETY 258 



chase of 1,625 acres, costing 176,343 14s. Of 

 these, 619 acres have been allotted amongst pur- 

 chasers, and the remainder, comprising seven 

 estates, have been held as joint-stock properties. 



In the case of the estates which have been 

 allotted, the purchasers agree amongst themselves 

 beforehand on all conditions of purchase and further 

 development, such as road-making, water-supply, 

 approval of building-plans, etc. The size of the 

 plots is arrived at by taking the greatest common 

 measure of the acreage required by the members ; 

 the various plots are then valued by an expert, the 

 valuation including the share of the estimated cost 

 for roads, fencing, surveying, and legal work, and 

 any other items which have been agreed upon. 

 Should the members fail to agree as to the appoint- 

 ment of the different lots, these are put up to 

 private auction, the highest bidder getting the lot. 

 No bid is accepted which is under the valuation 

 placed upon it; this ensures the total sum being 

 obtained which is required. Any surplus goes into 

 the common fund, and any sum remaining over 

 after the collective work on the estate has been 

 finished is returned as a bonus to the purchasers 

 according to the cost of their respective properties ; 

 in the same way money is raised should there be a 

 deficit. 



The Society appeals to a various number of 

 persons with different objects, and it will be seen 

 that it is practically by an amalgamation of these 

 diverse interests for mutual benefit that the Society 



