LAND SPECULATION.

Manawatu Herald, Volume XLII, Issue 2096, 28 February 1920, Page 2

LAND SPECULATION.

THERE still appears to be a keen demand for land, and speculation is brisk in almost every province in the Dominion. The inflated values and keen demand for what the earth produces at.present justihes the increased land values. We say “at present,” because everything seem 4 to be in the melting pot. ‘When the world’s markets settle down to something like normal there may

jbe 1 rude awakening for Ihe f haul gambler. It i-. all very well to talk about the rising price of butter fat and the expectant price of butter at 4s per lb., but the price of that commodity for home consumption, at any rlite, in our opinion, will not bo allowed' to reach half that value. Of course, the butter for this purpose only represents a small proportion of the output, but local demands will have to be tilled at a fixed and fair price before one shipment is allowed to leave New Zealand. If high prices are maintained ityloesn’t follow that the land speculator is going to reap such a golden harvest, for there must follow, and that quickly, a re-valuation of land for taxation purposes. At present, we are riding on a wave of inflated values, but before long there will be a turn of the tide.