FARMERS' UNION.
TRAFFICKING IN LAND. By Telegraph.—Press Association. .Wellington, Last Night. A remit from Taranaki urged that, as a means of restricting trafficking in land, legislation be provided that, on sale, all existing mortgages be either paid off, or each reduced by a minimum of 10 per cent., increasing I per cent, for every 10 per cent? of the rise over the previous sale. The proposal was lost, as it was claimed that it would be an undue interference with the rights of individuals.
In regard to soldier settlement, the conference resolved that the lands purchased by the Government for returned soldiers, and on which ti-tree and gorse predominated, should be classified as bush lands, and advocated attention to valuations on land of which a teturned soMlier haß obtained the option of purchase. The following remit from Southland was carried: "That exemption of £25 for each child under fourteen years, up to the number of four, under provision of the Income Tax Act, be amended bo as to increase such exemption to £4O for each child, irrespective of the number of a family."
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Taranaki Daily News, 28 July 1920, Page 5
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183FARMERS' UNION. Taranaki Daily News, 28 July 1920, Page 5
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