LAND VALUES.
PROTECTING THE PRODUCERS. (From Our Parliamentary Reporter.) Wellington, March 16. “In view of the enormous reduction in,.the productive value of land, brought about by the sudden drop in the prices of produce,” said Mr. J. R. Hamilton (Awarua) in the House, “will the Government consider the advisability of allowing the present valuations of land to remain in operation until the depression passes away and the values return to something like the recent levels?” The Prime Minister replied that he would be willing to look into the matter. He had no doubt that the Valuations Department would take into account the fall in the value of land compared with the values of six months ago. The Department would look for the present value, whatever that might be. Mr Massey added that it was interesting to notice that instead of being urged to put up land values, the Government -was now being asked from many quarters to reduce them. The Government in this matter, as in all other matters, would do no injustice to the people concerned. It did not wish to tax land on any value but'the actual value.
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Taranaki Daily News, 18 March 1921, Page 5
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190LAND VALUES. Taranaki Daily News, 18 March 1921, Page 5
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