Samoan Lands.
p. 16 · Read in the full issue
Property Values Unrealizable.
From Our Own Correspondent.
APIA, March 19.
IN spite of the undoubted existence of a land and plantation “famine” amongst European settlers in Samoa, land and plantation values are unrealisable at pre sent at even the lowest price, as was proved by a recent court sale of six dif ferent pieces of European freehold land —improved and unimproved—situated in Apia and outside districts. There were no offers at the auction sale, and the mortgagee had to buy the properties back for the amount of the mortgage.
It is hoped, that the land and planta tion problem will be solved soon, as a representative of the N.Z. Government will probably accompany the Governor- General of N.Z. on his visit to Samoa in April and will discuss matters with those interested.