SETTLING THE LAND.
NEW SOUTH WALES POLICY
HEAVY TAX ON- BIG ESTATES
By Telegraph.. —Press Association. —Copyright Sydney, Thursday.
In an address delivered before the* Farmers' Conference to-day, Mr G. S. Beeby, State Minister for Lands, reiterated the Government's intention to adopt a system of perpetual lease, for the five years of occupying free, and a payment on the first reappraisement at the end of 25 years thereafter. Dealing with closer settlement the Government had devised a scheme whereby in the course of time it would be impossible for anyone to hold more than £SOOO worth (unimproved value) of land within 10 or 12 miles of a railway. A year would be given to the owners in which to subdivide their holdings, and at the end of the sec ond year a super tax of 2d in the & would be imposed on holders of land above the amount mentioned, rising in the fifth year to Bd.
Owing to the large prices paid for estates purchased by the Government for closer settlement, a great deal of land had been left on their hands, For the future it was intended to purchase wheat lands equally as good, for which they would pay 15s per acre instead of £5 to £7, as previously.
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King Country Chronicle, Volume VI, Issue 484, 20 July 1912, Page 5
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210SETTLING THE LAND. King Country Chronicle, Volume VI, Issue 484, 20 July 1912, Page 5
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