Land Tax
The letter under this heading which appeared on Saturday morning was printed by mistake. A proof had previously been submitted to the Bursar of Christ's College (Mr I. W. Bolton) for his comment; and he has now pointed out that the matter is covered by Section 73 of the Land and Income Tax Act, 1954. This section exempts from land tax "land owned by or in trust for a university, college, high school, secondary school, or other public educational institution in New Zealand not carried on for the private pecuniary profit of any individual.’’
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https://paperspast.natlib.govt.nz/newspapers/CHP19610426.2.48.14
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Press, Volume C, Issue 29497, 26 April 1961, Page 9
Word count
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96Land Tax Press, Volume C, Issue 29497, 26 April 1961, Page 9
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