PROPERTY TAX ASSESSMENTS

Press, Volume XLIX, Issue 8093, 15 February 1892, Page 2

PROPERTY TAX ASSESSMENTS

[press ASsocuTtorr teceobam.] WELLINGTON, February . The Board of Reviewers eat this roonaeg and disposed of two cases of soma unpor* ance. The first was in reference to tfc interpretation of section 23 of U» Property Assessment Act, 1885, as a PF ed ,«,v transaction with the Australian Mutual in-. vident Society, who advanced m^ ey on property which afterwards fell Uito tftw • by purchase through the the Bupreme Court. The case m«w; to determine the value of the pwpw* The Board decided that the atnooa. Invested is to remain at the sow «» ginally advanced, as di.tiamiebod the sum paid at auction to the ™S™'* . \ of the Supreme Court unless tho %c«W , can satisfy the Commissioner of l«w» J. . Reviewera that the property, at«« «■*" . - The other case was to coonection w> * * Wellington Manawatu Railway wngJJ. Under section 17 of the JtopertyAtJS -. ment Act companies- are debartea . deducting liabilities owing to anyone m Bide the colony, unless that person » »fo . sented by an agent in the colony «»Pg*~ .- for the payment of taxes. ™»*W%lfl , 70,000 ofthe Manawatu Railway debentures. The Company claimed to - - allowed to deduct about £20,000 of . tures held by the Commissioner of . t« - Works in th« Sinking Fond. AfUi wfc ment the Reviewer* upheld the Coinp- I * l contention, and allowed the deducuoa.