LAND VALUES.
The Hon. i>. 'Biiddo has attempted a defence of the action of the Government in taxing land on inflated value. He says that land .has always been sold at prices above its taxing value. This statement is absolutely incorrect, and can be proved on a reference to the sale price at the Lower Hutt, and in some parts of the Tara-
I naki Province. The Government has had no scruples about inflating val- < ues for the purposes of taxation, and for making the security of the British money-lender look big upon paper. As a matter of fact, laud values in New Zealand to-day are anything be- j tween twenty and thirty per cent, higher than they should be. The permanent settler is paying, through the nose to maintain a system of false security which is inimical to progress, and which is morally and commercially wrong.
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https://paperspast.natlib.govt.nz/newspapers/WAG19110408.2.16
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Wairarapa Age, Volume XXXII, Issue 10208, 8 April 1911, Page 4
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147LAND VALUES. Wairarapa Age, Volume XXXII, Issue 10208, 8 April 1911, Page 4
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