BRITISH POLITICS

Taranaki Daily News, Volume LII, Issue 143, 14 July 1909, Page 2

BRITISH POLITICS

TAXING UNDEVELOPED LAND. By Cable.—Press Association.—Copyright London, July 12. The Surveyors' Association severely condemns the tax 011 undeveloped land, which, it says, will force land upon tin; market before it is wanted. The Liverpool Law Society has prepared a memorandum showing the enormous cost of making the valuations. The Right Hon. oir C. AV. link-;, speaking at a miners' demonstration at Forest of Dean, stated that tlie ungotten minerals duty will be dropped. He objected to the substitution tax oil royalties, and said lie preferred that mines should be taxed as undeveloped land. A BY-ELECTION. London, July 12. The Liberals have decided t" support Jlr. Hancock, a Labor Socialist, who is contesting the Mid Derbyshire seat against -Mr. Cresswell, a Conservative. A CAPITALIST'S THREAT. Received 13, 10.35 p.m. London, July 13. Lord FiTzYVilliam informed the Times that probably in the event of the Finance Hill passing lie will sell a great deal of Ilia property. Already he lias urranged to' transfer his investments abroad. THE INCREMENT DUTY. Received July 13, 10.35 p.m. London, July 13. During the debate in the House of Commons 011 the Budget, Mr. LloydGeorge (Chancellor of the Exchequer) promised to exempt small properties from the increment duty. COMPULSORY MILITARY TRAINING. Received July 13, 10.35 p.m. London, July 13. In the House of Lords the Bishops supported Lord Roberts' compulsory training bill. Lord Lucas defended the present system, Tlie debate was fl/i* iourned.