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WORLD's NEWS

June 23, 1937
In 1840 lots 1 and 2 at the Prahran land sales were sold for 24 pound and 30 pound respectively. In 1854 their purchaser resold for 17,000 pound. The lots mentioned totalled 12 acres. George Street, Sydney, between King and Market Streets, was the first roadway in Australia to be block-paved, 1880.

The land boom of the 'eighties, burst in 1893, commenced in Bruce Street Prahran. C. H. James purchased ground there, cut it into small blocks, and sold at a great advance. Everybody did it; thereby locking up their money. James died in Sydney in abject poverty.

Melbourne Botanic Gardens commenced their history as a Missionary Reserve of 875 acres. Their Gardens history commenced in 1846. The original acreage remains.

 

 

REF: email to AUSTRALIA-L@rootsweb.com by Alison on 27 August 1998