PUBLIC-HOUSE VALUES.

Dominion, Volume 3, Issue 910, 1 September 1910, Page 5

PUBLIC-HOUSE VALUES.

.GREAT LOSS TO THE RATES. . ■ Bj Teleffrapb—Press Aseociation— Copyrißhl. •. ..■'■' (Eec. August 31, 10.45 p.m.). ' ' . . London, August. 31; - The Assessment Committees of the London Boroughs have decided not to appeal I'to the House of Lords against the Shore : ditch,.decision, cabled on July 29.',. ■ Public-houses will hence be assessed at ,£280,000 less than -was; calculated, and the loss oh" the'rates throughout the country will amount to nearly- a million sterling. Thej.previous.message stated that the : Court of Appeal, in. an assessment- case concerning hotel property at. Shoreditch, upheld the Divisional Court's declaration "that the increase in the- license duty under tho Budget of 1910 ivas prinia facie evidence of a reduction in the value ,, of the public-house. The cost of a license in this instance had been suddenly raised ■from £35. to .£130,. which was equivalent' to half the rent. The tenant, for ■ assessment, purposes, was now entitled to deduct the increase of: duty on\£2Go, at.which he had .been formerly rated; . ' '.. ■ Mr: wade's policy. ...:':/*■ 'V- —7+——■■:"-. ■ ■■■" 'SYDNEY TO BE REMODELLED. By Telegrs^— Press Association—Copyright. .'.■■■.. Sydney, August 31.; Mr. Wado, in the course of his policy speech at Chatswood, said ' one. of tho first duties of "the Government would be a remodelling scheme for Sydney. . .A . Royal Commission would be afi-l pointed to consider the regulation and control of the.'meat trade. .- He promised to finance tho country. without imposing a burden of increased taxatioii, . ■ , OPPOSITION CRITICISM. : (Rec. September 1, 0.5 a.m.) .'. . ' ;.• Sydney, August 81. Mr. M'Gtowen, Leader of, the Labour party, Wade's policy speech, as being nine-tenths an eulogy of his ownand his predecessor's policy, and onetenth vagne promises for the future.,