VALUATION OF AN ESTATE.

Auckland Star, Volume XLVI, Issue 231, 28 September 1915, Page 2

VALUATION OF AN ESTATE.

i \SE AT H \MU.T<>N. lily Trl<-srai»t>- Own lorreirou , '"'-) HAMILTON, thi* day. An appv*l. the first o( it* kind in the Dominion, wa* hrard today by Mr. E. Ravmon. S..\f.. at thr Hamilton <<rart. Krancf* B. Jolly »nd Thomas F, .lolly, farnif-ni. of Frankton. app«'arf<l undrr tlir Death Diitiofi A<>t afainst the laHWment for death duti<-i of the i-statr of thrir mnthor. Mary Ridont Jolly. Tho apprUant* were tho executors under their mother's will. who»o «itat«r was valued at £.')0.000 by th* ('.ovornment valuer, while app«'llant« clainxM that it» value wm not more than £40.0<)0. Mr. P. Watte, for appellant*, kaid that wrction» 30 and 31 of tho I-and Act provided that after valuation by an a.<>rs.- !- raont court, if the Valuer Oeneral wu 'liMiatisfiiil with tho Court* valuation, he h»d power to fix the value, and require the owner to wll at that price or coaj»*nt to the increase as an alternative. On the other hand, if the owner waji diMatiAltrd. he mijiht. within 14 day*, require the Valner-Orneral to b>iv the buwl at the assrwd v»luo, cr lower the vaJuation to that irnirrriiH by the o»-ner». An adjournment dine die wae pranted to enable the matter to he rpferred by the Valuer-General to the Crown Solicitor.