THE LAND TAX

Taranaki Daily News, Volume LIV, Issue 86, 2 October 1911, Page 8

THE LAND TAX

BIG ESTATES DISAPPEARING. I The first detailed statement of how •$ the progressive land tax is working to- | wards the bursting up of huge estates 1 is contained in a paper tabled on the I motion of Mr. H. G. Ell, M.P. It deate , | with the state of affairs in 1802, the I year when the progressive land tax was j introduced, 1900, <tiwo years prior to the '* | progressive land tax of 25 per cent., and | 1910. The following table shows the reduction in the number of larger es- <1 tates:— J5 Acres. 1892 1906 1910 10,000 to 20,000 148 129 121 £ 20,000 to 30,000 45 40 28 30,000 ito 40,000 30 14 5 f 40,000 to 50,000 9 8 6 3 50,000 to 75,000 . 14 8 9 I<Y J 75,000 to 100,000...... « 4 2 J 100,000 <to 1,50,000.... 4 150,000 and over C 1 J iFligures are supplied for the number I of smaller holdings, and they show a | most remarkable increase as >the result >*' of the splitting-up operations. The following table shows the diminution in the area of the larger estates owing to the land tax:—

Acres. 1892 1900 1910 10,000 to 20,000 2,085,830 1,817,502 1,601,381 20,000 to j. 30,000 1,110,358 1,002,816 683,368 I 30,000 to | 40,000 1,041,755 474,822 175,001 | 40,000 to 50,000 392,432 353,100 262,565 50,000 to i 75,000 890,898 490,507 560,250 75,000 to 100,000 520,905 342,493 166,906 100.000 to ,150,000 1,476,988 L;j,000 and ; over .. 1,321,030 223,242 f INCREASED TAX. j The following tattle shows how the ■>. graduated land' tax on large estates has j been increased:— ' Value. 1892-3. 1909-10. j £ £ , £ 1 50,000 304 520 ; ; 1 604)00 437 700 70,000 546 904 .. 1 80,000 625 1133 90,000 750 1387 100,000 833 1606 1 125,000 1106 2473 .! 150,000 1484 3437 175,000 1822 4557 J 200,000 2,187 5833 'j 210,000 .: 2400 6125 I