Yorkshire Evening Post (25/Oct/1919) - The Changed Ownership of Huddersfield
THE CHANGED OWNERSHIP OF HUDDERSFIELD.
THE RAMSDEN ESTATE BOUGHT FOR £1,300,000.
The preliminary negotiations for the purchase of Sir John F. Ramaden's Huddersfield estate — which were described in "The Yorkshire Evening Post" on Thursday — have been completed. The purchase price agreed upon is £1,300,000, the figure at which the owner, after prolonged bargaining, had finally offered it.
Up to the present, the Huddersfield Corporation have not been involved in the transaction, though the intention of the purchaser is to transfer the estate to the municipality if the Town Council should accept the offer which will be made to them.
The negotiations have been conducted by a committee of three well-known local public men — the Mayor (Alderman C. Smith), Alderman Ernest Woodhead, Chairman of the Corporation France Committee, and Councillor Wilfred Dawson, vice-chairman — with an intermediary, Mr. S. W. Copley, who formerly lived in Huddersfield, afterwards went to Australia and amassed great wealth, now resides in London, and is associated with many big concerns, among them being the Western Australian Insurance Company (Limited), of which he is chairman.
Nothing in writing was in the hands of any of the Huddersfield gentlemen concerned last night, but a message which leaves no doubt whatever was received yesterday from the solicitors acting in London for the purchaser, and was afterwards confirmed by Mr. Copley, that this gentleman had agreed to the price asked, namely, £1,300,000.
Mr. Copley is the actual purchaser, but it is understood that the Corporation, in a day or two, will have the option of buying the estate at the price named. In the event of the Town Council not agreeing to tie purchase, or anything else arising that would prevent the transfer, Mr. Copley would keep the estate. But no such contingency is anticipated.
The importance of the scheme is indicated by the fact that the estate includes the most valuable business part of the town, and that its ground rents are said to amount to about £180,000 a year.