LAND VALUATION.

Rangitikei Advocate and Manawatu Argus, Volume XXXII, Issue 8915, 7 September 1907, Page 3

LAND VALUATION.

Assessing a Hypothetical Value. Per Press Association. Auckland, September G. Justice Demuston to-day heard an appeal by the Government Valuer against the decision of the Otorohauga Assessment Court in assessing the value of a pnece of land owned y a Maori woman at nil. Mr Tolo, Crown Solicitor, submitted that the land was assessable under the Land Act whether subject to restriction or not. Sir Earl, for the respondent, admitted that the land was capable of assessment, but contended that, in view of .the restrictions imposed, its value at the date of the assessment was nil. Mr Tola replied that respondent could get the restrictions removed and then dispose of the land, snd such being the case ho contended there was a hypothetical value which was assessable. Mr Earl said if the land were offered for sale at the present time it would fetch nothing because no purchaser under present conditions could get a title and no one would be so foolish as to try. His Honor reserved his decision.