84 Farms were balloted for and offered for sale by the A.A. Co on 8th January, 1912. Farms ranged in size between 240 acres and 1193 acres. The total area involved was 45,006 acres. There was a dispute between the A.A. Co and the
NSW Government over the valuation of the land involved and ended up in a court-case lasting 10 weeks in both Sydney and Tamworth. A compromise was finally reached with the average value per acre set at £4-14-9. J. P. Hannan paid the top price
of £6-19-10/acre for Farm 18 called “Warranella”, with Farm 6 valued @ £6-17-10/acre and purchased by P. F. Madden, called “Kooiyong”.
The least valued farms were Farm 35 @ £3-2-0/acre,
(I. J. [Ivan] Barwick “Cedarvale”) and Farm 1 @ £3-3-0/acre (T. W. [Tom] Avard “Warrahdale”).