DEPRESSION AND LAND PRICES.
TO TH« HDITOB 07 THX tMSS. Sir,—l wish to direct attention to an Illuminating statement of Mr H. D. Acland before the Tariff Commission. He said, with reference to the concession given to farmers by the free carriage of their lime on our railways, that this was not a concession, since they had now enjoyed it for 40 years, and, he artlessly added, they had capitalised the concession in an increase of value of their lands, and Mr Acland, as a large landholder, should know. The war. price profits of farming were similarly capitalised during the land boom, we all remember, and it is presumably to maintain this topheavy structure of land values that we are paying 25 per cent, exchange on London, the sales tax, and probably a large proportion of the income and unemployment taxes, besides the partial repudiation involved In our compulsory loan conversions.—Yours, etc., • -■ W.G.L. July 11, 1933.
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Press, Volume LXIX, Issue 20905, 12 July 1933, Page 15
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156DEPRESSION AND LAND PRICES. Press, Volume LXIX, Issue 20905, 12 July 1933, Page 15
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