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THE TRUE VALUE OF PROPERTY.

GOVERNMENT .VALUATIONS REDUCED. Among the " present discontents" of ratepayers whose lands have beea revalued are a number of Remuera residents. Some days ago a meeting was held, and after a discussion, the meeting was adjourned till last night in order to give an opportunity to property owners to interview the officers of the Department on the subject of obtaining a reduction in value. There were about forty persons present when the meeting was resumed last night. Rev. W. Beattie presided. The chairman said that in case any property owners had not secured what they considered a proper reduction, it was open to them to confer and take steps to unite and appoint an assessor in the forthcoming assessment court to safeguard their rights. " Have you many names of people who have not been able to come to an arrangement with the Department?" the chairman was asked. " I have heard from a good many people who have come to arrangements with the Department," replied Mr. Beattie. " Otherwise, I think, you would see this hall lull. Evidently from the stand we have taken, the Department has met them in a fair way to some extent." Tlie chairman asked who were those who had not settled and were desirous of appointing an assessor. The agent for the church property had not been able to come to an arrangement, so the speaker would be willing to make one towards appointing an assessor to represent the aggrieved. Mr. J. H. M. Carpenter said that to do anything at that meeting would be, possibly, premature for the reason that the stereotyped reply had been received by all that ho had talked to, " That the communication had been received and referred to another department, and would be further considered later on." He thought that they would have to adjourn the meeting until the sitting of the Court, and then show fight if necessary. The suggestion did not meet with approval, and some considered that it would then he too late to act to any purpose. Mr. Carpenter said that it would be too mudh to expect a department of the Government to give an answer straight away, to which the secretary of the movement (Mr. Percy Spencer) replied that he understood that the Department had dealt with the matters straight away. They had said that they would make certain reductions, and in a great many cases their proposals were satisfactory. It was stated that the Court is to sit on April 6 and 7. " There is not much time to lose," observed one. "But a lot of money to lose," replied the chairman. One person, In stating the reason of his being aggrieved, said that the valuation of his property had been jumped up from £120 to £300 in one instance, and in another from £160 to £330. The speaker stated that he did not get a fair hearing when he went to the officer of the Department. The chairman' said that in the absence of a motion he would assume that all were satisfied, and he would proceed to other business. If such was the case, he presumed that they, as business men, approved the reasoning, " the older your house the more valuable it becomes, and the shorter your lease the more valuable it becomes." The remark drew out a couple of " objectors," and it was ultimately decided to close the meeting on the understanding that those who desired to be represented in the Court should remain afterwards and again go into the matter. Those who stayed after the meeting had 'been closed appointed a legal representative.

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THE TRUE VALUE OF PROPERTY. Auckland Star, Volume XL, Issue 76, 30 March 1909

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