GRADUATED LAND TAX.

Gisborne Times, Volume XXV, Issue 2191, 21 September 1907, Page 2

GRADUATED LAND TAX.

LOSSES THROUGH SUBDIVISION OF ESTATES. (Special to Times.) WELLINGTON, Sept.. 20. Some figures regarding the revenue received From the present land tax, which were quoted by tho Premier in his speech on tho Land and Income Assessment Bill on Wednesday night were, laid on the table in the form of a printed return to-day. The return shows that the principal amount received in land tax during the last financial year was £447,342.- Of this amount £317,175 was paid as ordinary tax, £125,929 as graduated tax, and £4237 as absentee tax. For the previous year the total received was £385,755. The amount received during 1892-93 (the first year of the operation of tho tax) was £297,181. The loss of graduated tax in various counties caused by the subdivision of estates among relatives of the owner for the last twelve years (189596 to 1906-07) is given as follows (shillings and pence omitted):—Bruce £ll3B, Kiwitea £74, Kairanga £253, Featherston £226, Kai'koura £837, Hawke’s' Bay £822, Waitaki £2555, Hobson £32. Amuri £203, Akaroa £794. Patangata £7514, Weber £23, Cheviot £llO3, Ashburton £1329, AVaipawa. £1678, Cook £2OB, Ashley £205. Mackenzie £332. Masterton £5533, Castlepoint £234, Wairarapa South £1048; total £28,186. The loss through subdivision for each of the years (1895-96 to 1906-7) was asfollows: 1895-96 £137, 1896-97 £163.? 1897-93 £163. 1898-99 £2BB, 1899-: 1900 £333. 1900-1 £453, 1901-2 £515 1902-3 £764. 1903-4 £1603, U'OJ 5 £4730. 1905-6 £7377, 1906-7, £11,655 ; total £28,186.

THE FRANK GUY. FEARS FOR HEIt SAFETY. Press Association. WESTPORT, Sept. 20. Fears are entertained for the safety of the Westport Coal Company’s barquentine Frank Guy, 36 days out from Gisborne to Westport. She was seen under Capo Torawhiti by tho s.s. Canopus on tho 6th inst. but has not been reported since. Captain Mitchell is the master.