Land Values
Sir.—Tn a recent issue Mr. Walter Nash. M.P.. in giving evidence before f he Monetary Committee, advocated, among other tilings, the adoption of a new valuation of the lands of New Zealand with a provision that “all future increases in land values revert automatically to the State.” This is a splendid proposal and all that now remains is for Mr. Nash lo induce his colleagues of the Labour party to adopt his suggestion. As a matter of fact, this proposal was actually included in the Labour Partv’s platform of 1924, but later, when the workers’ representatives turned their attention to. capturing the country constituencies, this proposalwas dropped. I hope Mr. Nash will be successful in getting the measure remstated. If he can do this, and at the same time induce the Government to dispose of the Galatea Estate on the renewable lease system, he will have inaugurated measures which will be of enormous benefit to New Zealand and also be powerful preventives of a repetition of the dreadful depression in which we are at present eneulfed. —I am. etc.. E.B. Wellington. April 30.
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Bibliographic details
Dominion, Volume 27, Issue 184, 3 May 1934, Page 11
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185Land Values Dominion, Volume 27, Issue 184, 3 May 1934, Page 11
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