ASSESSMENT COURT

Evening Post, Volume CII, Issue 16, 21 July 1921, Page 8

ASSESSMENT COURT

OBJECTIONS TO VALUES

TO-DAY'S SITTINGS.

Further objections to valuations of properties were heard by the- Assessment Courb to-day. Mr. V. G. Day, S.M;, presided, and with him sat Messrs. Ewen Campbell (Government assessor) and T. B. Dwan (assessor for the Wellington City Council). Mi-. P. S. K. Macassey represented the Valuation Department, and Mr. James Ames, City Valuer, appeared for the Wellington City Council. On behalf of Lady M. A. Edwards, the owner of certain [.roperty in Cubastreet, Sir Bassett Edwards contended that his wife's property had been overrated. In the case of one property, Sir Bassett said tbe valuation had been fixed at £3225, but the property had been in the market for fifteen, months, the owner being prepared to take £2750. No bids had been received, however. The offer he made to the Valuer-General was that £2750 should be accepted", the seller being willing to accept Goveru.rnent 10-yeav debentures at 6 per cent. That offer would remain open for seven days. " Thp valuation was sustained, Sir Bassett indicating that if the offer did not prove acceptable, the property would be offered, to the Government under section 31 of the Act. . ; . In regard to a second property owned by _Lady Edwards in Cuba-street, the capital value was reduced from £1050 to £1018, the unimproved value havingbeen brought down from £840 to £768, owing to the values not having allowed for 23ft taken oft at the back. Esther Mary 'Bauer, represented by Mr. G. G. G. Watson, protested against! ; the valuations. placed on three sections in Fitzhcrboi't-terraco. It was submitted thatjin view of the Court's decisions regarding Hobson-street properties, arid the estimates of Oriental Bay. values, the valuation of Miss Baber's sections should be reduced. The valuations were sustained. Mr. Wntson appeared for Leonard Tripp, objecting to the valuation (unimproved) of £1895, placed on a leasehold section in Molesworth-street. It was stated; by Mr. Watson that the area of the section was 23.9 perches, and the valuation placed upon it equalled £14,000 per acre, as compared with the City Valuer's estimate of £6000 for a church acre in Hobson-street. The Oity Valuer (Mr. Ames) said, ho valued the land at £16 per -foot. s Tho valuation was reduced by £100. Objection was raised on behalf of Isabella Thompson to the unimproved, valuation of £950 placed on what was termed a precipitous section' in Aurora-terrace, and the valuation was reduced by £50. Mrs. Ellen Young (Mr. Watson) raised objection to the unimproved valuations of her three sections : in Salamanca-road. The unimproved valuations respectively were £845, £1105, and £2260. The Court reduced, the unimproved valuation of the first section to £770, of the sec-, ond to £1013, and sustained, the valuation of the third. The unimproved value of £555, ou a section belonging to Mrs. Edith A. Powell, 43, Ohiro-road, was. by consent of the City Valuer, reduced to £420. (Proceeding.)