IMPORTANT LAND SALE AT GORE,

Messrs Bastings, Leary, and Co. report the fol lowing as the result of the preliminary sale held by themfat Gore on the 12th instant, of townships and suburban agricultural lands, on account of the New Zealand Agricultural Company. Although the salo was held in tho early part of an unusually dull season, aad tho middle of severe financial crisis, it attracted an immense crowd of eagar buyers, showing clearly that the public recognise the poiition and quality of the Company's laiids as a flrit-class field for settle ment, Tho bidding throughout was spirited. The townships, which were offered first, occupied nearly the whole afternoon, and it was nearly 7 o'clock when the agricultural lands were reached. At this hour Mr Bastings was obliged by law to close the sale. The following morning, however, several farms, were sold privately, at prices ranging from £15 to £17 per acre. A further sale of suburban and agricultural lands will shortly be held to satisfy the demand existing for bona fide settlement in the distriot where the Com pany's lands are situated. Ihe success of this first sale under such disadvan tageous circumstances should prove a complete and practical answer to all that has been said against the quality of the land. The township of Riveisdale, situated In the middle of the estate, averaged about £50 per quarter-aero section. Mandoville, situated about 12 miles from Gore, near Wantwood Station, averaged about £86 per section of same size. The agricultural land sold by auction, and since pri« vfttely, averaged about £15 15s per acre. We subjoin a partial list of the lots told :—

The commercial depression under which Great Britain is now Suffering so severely, and which has fallen with unusual force upon the agricultural in terest, has been the means of obtaining for that interest a Royal Commission to inquire into the causes of the distress. Since the repeal of the Corn Laws, in quiries of the kind in agricultural mat ters have been rare, if not quite unknown, although previous to the passing of that measure they were common enough. There was one in 1837, and there were several at periodical times before that date. 