Newspaper Article 1980 – Buyers to be known soon

BUYERS TO BE KNOWN SOON

The identity of the Central Hawke’s Bay farming family who purchased the Mangatarata Station sold in Waipukurau on Friday is likely to remain unkown [unknown] until the end of the week.

Waipukurau solicitor, Mr H. J. Davidson, who undertook the bidding for the family, said the name would be released on Thursday or Friday.

The successful bid was at $605 an acre bringing the price for the 1021 (2524 acre) property to just over $1.5 million.

Bidding had commenced at $450 and in only a few minutes, the overall price rose $4000, bringing the selling price to $1,527,020.

Between 250 and 300 people packed Waipukurau’s Memorial Hall to observe the auction conducted by Hawke’s Bay Farmers Ltd. on behalf of the former owners – 18 descendants of James Macdonald, who first leased 5000 acres of the station in 1908.

Included in the sale was the transfer of a six bedroom homestead, three other three-bedroom houses, shearers’ quarters and a six-stand woolshed.

The sale did not include stock – 8760 Romney sheep and 1000 Angus cattle.