Paparua capital value rises

Press, Volume CXIII, Issue 33141, 3 February 1973, Page 18

Paparua capital value rises

There has been a steady rise in the capital value of Paparua County during the last five years.

Even allowing for the inclusion of the former Halswell County into Paparua since the last values revision, the increase in value of the original county has been about 75 per cent. The latest capital value of Paparua County (last July) was $198,989,000, compared with the capital value in 1967 of $105,306,000. The revision for the original county

| now shows a capital value of $166,758,000, a land value of i $68,793,000 and improvements of $97,965,000. The former Halswell County area now has a capital value of $32,231,000 — land value of $14,300,000 and improvements worth $17,931,000. In 1965, the I county’s capital value was $18,391,000. Both valuers in charge of (inspections of the county—!Mr J. R. Kingston (rural) and iMr G. E. Burns (urban) —re- ■ ferred to the considerable and expensive developments which had occurred in the county since the last revaluation. Mr Kingston said there had been marked development brought about by steady subdivision into 20-acre blocks] devoted to many and varied livestock and horticultural [ activities such as broiler-! chicken, turkey and pig fat-] tening units. There had also been; marked berry-fruit produc-| tion and other intensive vege-I table cropping under spray] irrigation. Both had been boosted by the establishment! of Watties’ canneries and! allied services at Hornby. : Spray irrigation had also fostered the expansion of cash-crop farming and town milk supply dairying. There had been a continued trend in the establishment of horse-training and breeding farms.