MORATORIUM VICTIM.
KAWATJ ISLAND CASE. MORTGAGOR'S MISFORTUNE. (By Telegraph—Press Association.) WELLINGTON, Thursday. The owner of two thousand acres on Kuwait Island. Auckland, Colin Campbell Crump, valuer, of Khandallah, Wellington, lias petitioned Parliament for relief from payment of £2SO land tax on his property with which lie has been charged, owing to tlie alleged default of previous owners. Tlie debt has been owing and increasing for nine years. Two previous owners of the property have gone bankrupt. The property produces no income, and petitioner has no capital to develop it. Tie states the property came into his hands owing to adverse circumstances over which he had no control. Ho never purchased it. and only got. possession because he had an interest in a mortgage for £SOOO, which would have been paid off in IOIG but for the moratorium. In being forced "to take up the land all his capital was absorbed. His own taxes have been paid up to date.
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Auckland Star, Volume LV, Issue 151, 27 June 1924, Page 8
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159MORATORIUM VICTIM. Auckland Star, Volume LV, Issue 151, 27 June 1924, Page 8
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