Horsley Down, formerly known as Messrs Mallock and Lance's property, comprises 120,000 acres, and is situated between Waikari and the Hurunui river. The whole property has been much improved by treeplanting, and the erection of about 300 miles of fencing. In 1896 and 1897 the greater part of the estate was sold in small blocks; and the homestead block, comprising about 4000 acres was—with the exception of the house and station buildings and 100 acres of land, which were retained by Mrs Lance—bought by the Government, and cut up into small farms and let by ballot on the lease in perpetuity system.