A PROFIT OF £70,000
ON A WAR. PERIOD LAND DEAL.
In'the Legislative Council-debate upon th» Discharged Soldiers' Settlement Loans Bill, tho Hon. W. J. Geddis gave "an exnmnle of profiteering in land." He said that during tho war: period a man a considerable amount of money acquired an estate not many miles from Napier. He recently conceived the idea of cutting un tho estate. He cut it up, and pocket'ed a profit of ,£70,000. "The point that concerns me. most, and, I think, concerns this country a great deal." 6aid Mr. Geddis, "is that somo of the people who bought the land wero roturncd soldiers. I put it to the Council whether it was rieht for that man who pocketed the .£70,000 profit to load each of those sections with unearned increment. seeing that the peonio wjio were taking tho land-were men w'ho had been away serving their country." Mr. Geddis oxplained later that the' land in question was not purchased bv the Government.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19190905.2.34
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 12, Issue 12, 5 September 1919, Page 6
Word count
Tapeke kupu
164A PROFIT OF £70,000 Dominion, Volume 12, Issue 12, 5 September 1919, Page 6
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in