THOUGHTS FOR THE TIMES
Land Values. In many quarters there is opposition to the depression of laud values, hut on what other system can sound valuations lie effected than on the earning capacity ? Land is not a gold watch or a jiiece of cloisonne with a sentimental value; it is like labour, with only what it will produce in marketable commodities. When this fact is accepted and acted upon, our troubles—including lack of adequate supjilies of money for development—should disappear. Cheap land and cheap money are essential to conditions under which farms can he profitably worked, and cheap money is an impossibility while values for land remain higher than their yielding capacity justifies. —“Southland News.”
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Hokitika Guardian, 27 August 1927, Page 2
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115THOUGHTS FOR THE TIMES Hokitika Guardian, 27 August 1927, Page 2
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