CANDID FARMER

Hawke's Bay Herald-Tribune, Volume 81, Issue 29, 28 October 1937, Page 7

CANDID FARMER

-Press 'Ansociatioh.)

Bought Property for More Than IU Worth THEN APPUED FOR RELIEF

(By Telesraph-

, cfilSTCSUROH, Last Night* ! An objector to the valuation placed !oa his farm at Ellesmere candidly told ,the Assessmeat Court to-day that he had paid or promised to pay more than he considered the property was worth, as he intended as soon as the pUrchase formalities were completed to apply for a rO-adjustment under the Mprtgagors and Lessees' Rehabilitation Act. The objector said he paid £2600, pf which £1900 was still owing, for a farm of 70 acres 12 months ago. Examined by an offi,cer of tfie Valuation Department, the objector said he did not co&sider the property wOrth more than half of tvhat he paid for it. "As a matter of fact, I did not carp whether I paid £28 or £80 an acre," he said, "as I intended to apply immCdiately fOr an adjustment undOr the Act. Under that Act the Government says I am entitled to £4 a week and I have only taken £265 gross oft the farm in a year, so I cannot take £4 a week for myself and pay interest on £1900." The Magistrate (Mr. Bewitt) commented that the old-fashioned idea that when a bargain was made it must be stuck to, whether good or bad, did not seem to hold now. The Court reserved its decision- x