A PROFIT OF £70,000.
ON A WAR PERIOD LANT) DKAL. J In the Legislative Council debate upon '•; the Discharged Soldiers' Settlement •■'& Loans Bill, the Hon. W. J. Goddis gave | "an example of profiteering in land.'' 1 He said that during the war period « 5 man with a considerable amount of ;| money acquired an estate not many -*f miles from Napier. He recently «m> $ ceived the idea of cutting up the estate. 'lt He cut it up, and pocketed a profit of "4 £70,000. "The point that concenw me '\ most, and, I think, concerns this country ■£ a great deal," said Mr Geddis, "is that .'"s some of the people who bought the land '"■ were returned soldiers. I put it to the '*? Council whether it was right for that '■' man who pocketed the £70,000 profit to A load each of those sections with unearn- '.-"■? «d increment* seeing that the people who *S I were taking the land were men who had . $ been away serving their country" Mr - Geddis explained later that the land in '% [(tueatloa was not puwhsMd, hy the Gov- 1
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Taranaki Daily News, 8 September 1919, Page 5
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180A PROFIT OF £70,000. Taranaki Daily News, 8 September 1919, Page 5
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