Titipua Valley Estate.

This property, consisting of 5,000 acres, 117 mile from Dunedin, and some six or seven miles from a railway, was lately cut up into farms of from 100 to 400 acres, and although this land was rejected some years ago by the A. & N. Z. Land Company as worthless, and being unfenced page 29 and without improvements of any description, yet sold at auction to bona fide settlers and farmers up to £5 per acre. So great is the demand for land in this district that the property known as Benmore, 800 acres, an unimproved estate adjoining the above, was sold at the same time for £4 per acre, although not even fenced, and some of the country being so steep and broken that it is impossible to plough it.