VALUATION REDUCED

Gisborne Herald, Volume LXVI, Issue 20071, 18 October 1939, Page 8

VALUATION REDUCED

ARDKEEN PROPERTY EX-SOLDIER’S OBJECTION (Spi-cial to the Hil-nlil.) WAIROA, this day. “This court likes to help an old soldier if it can," stated the president of the Assessment Court. Mr. A MeLaehlnn, during a sitting in Wairoa yesterday, when one of the Ardketi" settlers, Jack Owen, lodged an objec tion to the valuation of his property. Owen was represented by Mr. 11.I 1 . H, Jones, who stated that the valuation of the property had jumped from £4BOO in 1930 to £6445 in 1933. Owin ' to a misunderstanding, Owen did not object to the valuation, but later he made application for a special valuation, which was fixed at £5030. This, the applicant thought, was still too high. The Mortgage Adjustment Commission had placed the valuation at £4628. The property had been on the market for 12 months at a figure of £4928, but without success. Mr. H. P. Hamilton, for the Valuation Department, stated that the country was very good carrying country, and the valuation was much below that of other properties in this area. He had actually reduced the valuation from what it was. After an adjournment the court announced that it had decided to reduce the capital value of the property by £3OO, all of which would come off the Crown's figure of £1770 for improvements, thereby reducing the capital value from £5630 to £5330.