"SLUMP LEVELS"

Evening Post, Volume CXXXVI, Issue 2, 2 July 1943, Page 3

"SLUMP LEVELS"

GOVERNMENT VALUATIONS

Reference to Government valuations of property was made by Mr. Clyde Carr (Government, Timaru) in a notice of question in the House of Representatives today. He asked whether the Minister in Charge of the Valuation ■ Department would explain why Government valuations were generally at slump levels rather than at commercial value for profit as ■ determined by buyer and seller. "If," said Mr. Carr, "the object is to ease the burden of rates for the small ratepayer, against this may be set the relief to the large ratepayer and the reduction of income to local bodies. If on the other hand the object is to discourage the creation of fictitious speculation prices, then productive value might be regarded as a better norm."

he had been astounded at the money that had been put in. - There had never been a time when the workers were putting more into Government .or national activity than they were at the present time, said Mr. Nash. . Substantial contributions had been made by workers' organisations. Following a meeting at Petone, workers had subscribed £1000 in one day, and he thought the amount would be increased to between £5000 and £10,000 by the purchase of £1 and £10 bonds. • Mr. F. W. Doidge (National, Tauranga): That is what we want. Continuing, Mr. Nash said that two girls from the Navy Department had sold £500 worth of £1 and £10 bonds on the waterfront that morning. He thought it was unfair when criticism of the* workers' efforts was made. In the normal way they did not understand in vestments other than the putting of money in the savings banks. They were being asked today to do something totally different, and were putting- more money in than, had ever been dreamed of. before.