POLITICAL NOTES.

Waikato Times, Volume XXXVII, Issue 2668, 23 July 1891, Page 2

POLITICAL NOTES.

[in- TKi.i:i;!i.\ni --si'i-riAi. iiKpniin--.i:.| Wkuin<.k>n, L,-t Night. coloxkl mhx>nni-:li/s claim. Tiik potili-.n <l O!"m : ! Mi;l > ■■imnll f..r compensation for n:iiil.'iv .-Mii.:« ivm | under ennsi.l.-ial.ioii l.y 111" I'ul he Petitions ; Committee tu- lay. It. i< -I ''"'! th.a a I return laid before I'ai haih"ot t,-ii yens .>«•• | „„ Urn motion ~f (J.,!, .1,i-l l!:vlt, f |l,,aiiu- ! the amounts already n-civl l,y ( '..i-.inM | McDonnell, Ilia hc-n .P<c ■■>• i-."I, "Inci: h I likely to iiilcifern wiih In- pi.-eiH. cl.nm. j TIIK L.VHOUU BILLS. | Complaints am being nnde by I In , ]~ibonr nifiiibers iiifmist lli-< >l'-w pn-un-ss that is beiiiß iiii.de with tlw L.lx.nr I'.ilH, which have been un by th>; C.uiimittnii. It wms alloKOi.l that th.i Hnvpni-mi-lit an; IioMiMR tliiMii .is a wliiu uvur the heads ~f tliu Labi'ir ni.-n.lw.r- »,, cnni|wl them to .sr.iMKTt tho Trr.ul; Hill. Tin Kinlil.iyuiii' Liability Bill mid tlin Sliop ll"nm Dill him; bi-Dii ready Idi-ilUcus»i.ni by lliu House, I micierstiiiirl, fur several rlays])rist. t,ANI> AXl> IXUOMK TAX HILL. Thin Bill was brought down to the House t<»diiy by the Premier. It pfo\ides that every landowner, whether person or cmniiany, is to be taxed ii|>"" H'" autual value, hut the value of iiiiinovoiiii-nt.s upon all I.iikls owned by any person or company up to t'HOOO is. to be deducted fnuii the hhsi»- d value, tufjctlior with any or ilebt then due or owing upon such land. " 1.111provements " are to include house--, huilditifjs, fencing, plantiiif;, drainuiK, clouring fioiii timbers, scrub or fern, and laying down in grass or pasture ; lint tlin elfect cr benefit; of such inipioveuient is. tj be visible

and iiitisiiiiustnd at tile tiinu <if tliu valiintimi, and the improvements inad-j nioie than ten years prior to the tune of valuation are n.'t to be talti-n into account. When the asMvsod valni: is I'.ss than the £30C0, if lh« improvement m<l tnoitgago debt dues not Rxi;.-i-d l Jl"i0O. there is to be an exemption of t'oOO ; if I In; assessed value is more than £1500 no exemption i< allowed. Any owner of land or lnortiT.-igi; prnducing a less incir.e than i'lL'O a year who is incjpali ltd by ag.., ,1; health 01 other Ciiu<e is to have a further exemption which t-ieethcr with the £'500 nli-cady mentioned shall not esMl fJOOO. J'} very mortgafiee (person or company) is to be tiixed according to its actual valuu to the iiiortgaun K«i jeut to nil exemption of i'fiOO only. The scale of tlm Cradmted L-ind T-ix U as f,Hows :—Where the value is t ; ,i6ooand is less thai. £10,000, one eighth of a penny; where £10,000 and less, than two eighths of a penny; where £20 000 and lesi time £30,000, three eighths; where £30,000 and loss than £40,000. f'"ir eighths; where the value U £40,000 and less than £'50,000,

five oighths; where £50,000 and less than £70,000 six oieliths; when; 170,000 :\nd less' tlmn £90,000, seven eighths ; where y'IOOOO and less thiin £110,000, one r-onny ; where £\ [0,000 ami loss than £130,000, one penny and oiie-eiKhth of a pntiny ; where £130,000 and less than £'150,000, one penny ami ; whore £150,000 and less than £170.000, one penny and threo-oiirhths: wheie £1.70,000 and less than £11)0,000, one penny and four-eighths ; where the value is .£lllO 000 and less than £210,000, one penny and five-eighths ; where £-'10,000, rain penny and sis-eighths of si penny. Income delivnl from business is to nio.in the gain or pivfilf derived or received fr.nu any trade, manufacture, adventure, or concern in the ; tvilure of trade, whether earned on in Npw Z'aland or Exemptions are to 1 he niadii up to £"00 ; but no person, whether carrying on business in partnership or alone, is to be. allowed more than one exeintiti'on. Income from employment is to moan gain or profit fioin any occupation nut otherwise, liable to taxation, or from any sal .i y. waives, pension, etc., not charged on land.' The exemption in this case is to ■ bo £300.