VALUES MAINTAINED

Sun (Auckland), Volume III, Issue 633, 9 April 1929, Page 10

VALUES MAINTAINED

PROPERTY IN DUNEDIN Press Association DUNEDIN, To-day. The council of the Dunedin Chamber of Commerce last evening considered statements made at the recent sitting of the .Assessment Court that large properties in Dunedin were a glut on the market. It was pointed out that, when these statements were published in the North, certain newspapers had inferred that the value of property generally in Dunedin was on the decline, and it was suggested that, with a view to securing a reduction in the capital value on church property used as a home for old people, unfair examples were quoted. It was resolved: “That the chamber maintains that the information given at a sitting of the Assessment Court relative to the present value of certain large residential properties is misleading as regards the application to property generally in Dunedin.” The properties referred to. when built many years ago, suited the needs existing at that time, but are, with few exceptions, unsuited for presentday requirements, and, in some instances, are in isolated positions several miles distant i #om the city. Suitable property in the city, both for residential and for business purposes, is in steady demand at values quite on a level with those current in other parts of the Dominion. BETTER BUTTER-FAT DAIRY DIVISION GRADINGS Press Association WELLINGTON, To-day. The Department of Agriculture reports that the dairy division grading figures for the eight months ending in March show an increase of 9.5 per cent, at 71,006 and for cheese of 14 per cent, at 71,588 tons, as compared with the corresponding period of the preceding season. Reduced to terms of butter-fat, the equivalent gradings of dairy produce show an increase of 10.9 per cent, over the grading for the corresponding period of the preceding season. PUKEKOHE PRODUCE MARKET PUKEKOHE, Monday. Quotations to-day for locally-grown potatoes are 6s 9d a ewt., f.0.r., Pukekohe, with lower rates for quantity lots. Good supplies of excellent quality potatoes, autumn grown, are available, the total in the district being estimated at about 1,000 tons. Locally-grown onions, of which growers still have considerable quantities in store and which are also of excellent quality, are quoted to-day at 9s 6d a swt., f.0.r., Pukekohe.