Land Values

Dominion, Volume 27, Issue 190, 10 May 1934, Page 14

Land Values

Sir, —I was pleased to see the letter of Mr. Fildes in Saturday’s issue stressing the importance and necessity of revaluation of land in New Zealand. It is everywhere admitted that land was violently inflated during the boom period, and its value being bolstered up and retained is one of the worst contributors to our present unhagpy position. If land, both town and country, were revalued and the loss shared pro rata between mortgages and the. equity holder, then some chance of advancing along the road to better times would be apparent. ■lt must be plain to all right and fairthinking people that people holding an equity in property should be protected as well as the mortgagee, as they are both the victims of the world depression, and to assist one and not the other would be unjust. It is essential that the question of land revaluation should be considered by the Commission on Dairying, and unless this >is done its inquiries will be incomplete 'and practically useless, and let us hope due consideration will be given to the owner as well as the mortgagee.—l am, etc., EQUITY.