VALUATION ACT
AMENDMENT PROPOSED
WELLINGTON, December 5
At the beginning-of the session it was announced taat the-Government! would bring down amendments to the Valuation'of Land Act'to overcome the disabilities imposed' in these stringent tinife by Seamus 45 and 50 of the Act. Under these sections property-owners
may cpply far new valuations or, if Ukontihaeci wan the values hxed by the Assessment Court, they may give ..ofite to the Crown to reduce the capital values or to acquire; the properties. It is stated that many property owners, realising that the Crown s financially embarrassed end unwii.ing to buy isolated areas of land, have taken advantage particularly, or the second of these rights qnder the Net although they were originally allowed entirely for other purposes. For some time the Government has been considering suitable amendments to tiie Act, and it is understood that a Bill has actually b en framed. Many objections have been made, however, to the Crown removing the only protection which property-owners ‘have against false valuations, and it now appears certain that the Government will not take action this year, although it may do so when the session is . resumed in January.
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Hokitika Guardian, 7 December 1932, Page 3
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193VALUATION ACT Hokitika Guardian, 7 December 1932, Page 3
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