LAND VALUES COMPARED.

Taranaki Daily News, 11 April 1922, Page 3

LAND VALUES COMPARED.

NORTH AND SOUTH ISLANDS. One of the chief things that struck Mr. J. H. Hammond, manager of the Hamilton branch of the Bank of New Zealand, during his recent tour of the South Island, was the great disparity in Southern land values as compared with those of the North. The same eager desire to get on the land and reap the harvest of high produce prices, in spite of the cost and the possible ultimate collapse of the market, had not been shown in the South, where a more level judgment and keener foresight appeared to have been displayed. Land had therefore maintained more of its true value, and had not been subject to the great inflation that had taken place in the North, an inflation that had been forced to bursting pressure. Now that the slump had come Southerners were not feeling the kick of the reaction like the farmers of the North, and their recovery had consequently been more speedy. In the majority of the Southern districts Mr. Hammond found things rapidly approaching normal and business everywhere brightening up.