TE AWAMUTU PROPERTIES.

Auckland Star, Volume LIX, Issue 190, 13 August 1928, Page 10

TE AWAMUTU PROPERTIES.

(F.y Telegraph—Own Correspondent.) HAMILTON", this day. The Eating Assessment Court sat in Hamilton to-day, presided over by Mr. •J. <;. L. Hewitt, S.M. Thomas Grant, "N'aipa County clerk, objected to the unimproved value of a section in Mutu Street, Te Awamutu, being assessed at ;C 1 He contended that the actual value was nearer £80.

Tiie unimproved value of house property in Te Await.um liad declined, Mr. (Irani- said, and figure* supplied by the town clerk showed that the. fall over tin; whole borough was £40,000. He 11noted a. number of liouse properties Mild comparatively recently at prices substantially below tbe Government valuation, and said there was evidence •>f depreciation in many parts of- tbe borough. The reduction in the Government valuation in home cases amounted to 40 per cent.

'Hie president of the C'ouri pointed out Lli;if. the l»J2l valuation was irregular, :ind the eiforfc to right things probably accounted for the reduction in certain

Mr. A. M. Donaldson, of Auckland, who lias five shops in Alexander Street, the business area of Te Awaniutu, objected to the valuation. He said be had been told by the valuer that he was the only objector in the business area. This, however, was no tribute to the infallibility of the valuer, especially when it was realised that five of the

;en councillor of the borough had had their \ a hies reduced by 40 por cent. His to! i! income from the prop.; ty was L'.iio. -in,; bU outgoing ami-u;:tcd to

Tie- t on- i reduced Mr. Gran'"; valuation from .'J 125 to £100, and iu the case of Mr. I>ouald«ou. a reduction of 30/ i/ui looi was granted.