In the 1850’s the group of small farms that included Paulina's Dal suffered two major convulsions, first when it was sold to Daniel Jacobus Du
Toit and later, when du Toit sold a portion of the property and created what
became Rickety Bridge out of what land he retained. This Du Toit could trace his ancestry back
through his mother Anna Margarita de Villiers to David, a brother of Paulina’s
father and a grandson of Jacques de Villiers.
Leading
up to 1850 the wine industry had taken a knock and was heading for depression.
In
1840 the exports had been 465 773
gallons
In
1850 they were reduced to 246 132
gallons
By
1853 this was down to 182 322
gallons
In
that year a consignment to England lost its owners £3000 and on a similar consignment
to Madagascar, £4000.
However, at
that point, the local industry received a boost when the powdery mildew, Oidium
Tucheri, devastated the vineyards of Europe, lifting the price of a leaguer of
Cape wine, roughly 120 gallons, from 67 to 82 Rix dollars.
It
may be that this created one of those sudden surges in an economic sector for
which South Africa is famous and convinced people, like D. J. du Toit, that the
wine industry was ripe for investment.
Whatever
the reason, du Toit bought the farms, including Paulina's Dal for £1125 in 1853, taking a mortgage bond from Albertus Jacob
de Villiers for £500,
Du
Toit also took a mortgage on the properties from Paulina’s father, Paul, for £1000, presumably to
finance a replanting and expansion. It meant Du Toit's mortgage on the property now stood at £1500 when its
market value, set by his own purchase, was only £1125, and the scene was set
for his insolvency.
No comments:
Post a Comment