ASSESSMENT COURT.
—"~-*- SITTING CONTINUED.
Tho Assessment Court contiaaed it* Christchnrch . sitting yesterday, ir&ea objections wero heard ia respect* of tfe« Government valuation of properties it tho Cashmere riding of the H«it&c*:« County. Mr J. G. L. Hewitt, SLSL, jsw> sided, Mr Arthur Smith acting- as xsas» sor for tho Hcathcoto Cooaty Cetßaeilj and Mr "W 7 . Cunningham for tba Y*bt»tion Department. Messrs D. H. PaUar e E. Eggleaton, and E. J. W&tsoo, dzsttki; valuers, appeared on behalf of -ilt» Valuer-General, and MrEL. Wlggms, offlcer-in-eharge l q£ the Yalo*tioa Department, Christchurch, watched tia proceedings for the DepaxtEseat. ~jf* C. J. Walker acted as dexk of tiss Court.
Objection was made to tie TabtatMHi of the Cashmero Estate. Tfes Gsrwecs* mcnt valuation was as faQewaur-ikrad £47,800, improvements £9050,' tetftl £.56,850. The area of the estate «a 2019 acres 3 roods SO parches. The trustees of the estate, *&©,.-«&• jeeted to' the valuation of as ana «S 23 acres 2 roods 27 perches ia WSht raadt, near the Cashmere Bilb ; £asa*a?&Ub. The valuation was £3060 oa the Scat and £75 for the istprovexneats, makmg a total of £3135. -..-.- Mr A. F." Wright "appeared fear tits trustees of the'estate.- - Charles 8.. Clark, land aad"- estate agent,' said ho* had beea tho ajgest. sk every subdivision of.tha land. 33fo£r»t subdivision was a large one, and cjiwjjjr» few sections were sold. 'The tmaifeßs* had always placed the"laad oata**tsr> bet when, they thought these wm& fee a reasonable demand for it. The ffi& subdivision of fifteen sections nu affiled on November 27th, bat aarjr t*a section No. 63 was sold* the figor* baking equal to £2OO, the balas.ee of t2m sections were not sold until three yaw* and four'months later. The eixtb safedivision was sold in one block ta*Jfc> H. G. Ell for the purposes of a.reewation ground. Witness's valuatiaa ef the section was £2609. An aXkraßsne* of 15 per cent, was made to Mr SOT sft the circumstances* the figure -far the reserve being thus equal to'atiQ«& £SOO per acre. " To Mr Watson: The sections ia«ih» fifth subdivision, which went sold after the auction sale,-all reached the xtcems placed on them. D. H. Pcllay District Yatear, **£& that if these was any error in Ma" assessment it was that it was 's&ees£2o,ooo too low. Tho made similarly to those ia reepsef- «f other lands in tho district. - B. J. Watson said that a camber of sections -near the Convalescent Saw* were sold at auction this year aV&esja £3lO to £520. The seetiows 'verafrom a quarter-aero to 1 aero. 24- reodg in extent. He believed that eoaaa of tte sections had since been sold at a'kigfca? price. . ' ' * This concluded the evidence, and fits i president announced that the deeisan ©$ I the Court would be given at 10.50 'aJa* to-day. " '".'. - '
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Press, Volume LX, Issue 18236, 21 November 1924, Page 11
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460ASSESSMENT COURT. Press, Volume LX, Issue 18236, 21 November 1924, Page 11
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