The affairs of the unfortunate East Coast, Native Land Settlement Company were before the Supreme Court on Nov. 25 in the form of a motion relating to certain caveats which had been entered against the titles fco lands now in possession of the. Bank of New Zealand Estates Company. A letter was read from Mr VV. L. Rees, who appeared for the natives, stating that the whole of the disputes had been settled, and acknowledging the liberal manner in which the natives had been treated by the Company. We learn that the arrangement come Co was as follows :—Two-thirds of the Estates Company's claim with interest to date will be paid in cash. The balance to stand against the unsold lands for a term of five years, carrying interest, at current rates, the mortgagors having the right' of paying off the mortgage and redeeming the lands any time within the period. This, while securing to the Estates Company the wholo<;amount_of the money advanced" upon these lands, with in terest, liberates, to the natives properties valued at about £70 000, arid removes all complications to title which have proved a bar to profitable occupation. _ Some valuable blocks cleared by the adjustment that has been made were nob under mort gage to the Estates Company;

On .Nov. 23 Mr Richard Arthur offered for sale by' auction at his mart the sale of lands, rights, privileges, concessions, plant, etc., in connection with the city or Auck land ■■ tramways. Mr Arthur then offered £1,000 for . the whole of the property, etc., and after a few seconds knocked it down.to the mortgagees. The ob ject of the sale was to enable the Bank of New Zealand Estates Company to get a title to the plant and rolling stock.
