TAX ON STANDING TIMBER.

Dominion, Volume 5, Issue 1461, 8 June 1912, Page 4

TAX ON STANDING TIMBER.

OF TUE LAW ASKED'^iS ?M (By" Tcle-iraph.-Prcss ?iK''•"':' >" ."." Auckland, Juno 7/' V^S decision 'of the Appeal Court income" Uvx must be'paid on !ho value ofrJHj (ilaniling timber lias destroyed the iio))C3 : :Si:'\.that wero.still ontwlain-eil by thatiUey would lie .relieved of (his (ion. A 'deputation represoniiiiß tiio land" Saw-millers' Association was intro-;\f]f; duced' to the Minister for Finance : (i h«mKp iloivA. M; ; Myers) this afternoon, ami, ui'Ksditlint the-Lund and income: Assess- i ; V, ■v.ie-ntJAct should M amended to its iipii!ication-.-to standinp; limk-r...-,--»'■ ;■;!.£;'<; Mr.-JXiMilroy explained that. ' as' tha'i ■ .'"s ; iaw>sliiiids,s;ivniiii!oi's have to pay incoiimVtJ;' (tnviiat'.'onl'v.on. Iheiv.lonilimalo profits, do-' 1 ' ■?£■ :rivcd:fr»mHhe.SW's.'operations, but also ohMimbur.still untouched. -This ralerpro-' .V;'' 'iai'ioii'of.fho lawva.?,' ho said, based on a". -.-■' itechnirnl-- view, that'' standing timber was '■-■•, : : . , :laiid,":.'aiid i lio : ''iiri,'cd that tho Le-sißis- .■,.; idimv-.tiad not'contemplated such a result. ,-■' -'.C i ?.-.' , Mr?'A r alder said tho Department inter- /...,<: pro;od ; 'the'Act"iiv a'peculiar way, for a.!- r--: ■thmi'.'lrMt taxed limber that had been pur- ~,* •dia'-'d a.i a block', it made no lax upon •" purchase! Nt per 1001't. \i. */Mv,'Myers, said tho matter wouid bo ." y ■ cnn-«idorc'd. .and' 7 no wouid communicate. 'with 1 , the as-onation before, making Any ~;.j.V. Veeomh'i'mdalion (o Cabinet. Z>i ■'-Mr; 11. Ooldio added (hat last year (ha- :-i Prime Minister (Sir Joseph Ward) pro- :.i :iiiis"d (i introduce the amendment of lh<! . ; l'j<: iiaw : tiiat' was-dojired by tho sawmiliors. ; : ;";y