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THE PROPERTY TAX.

The question of the amount at which the Wellington and Manawatu Railway should be valued for property tax purposes was farther argued before the Board of Reviewers at Wellington yesterday. Mr Travers appeared for the company, who had been assessed at L 133,955, divided as follows:—Horokiai riding, L 59.310; Porirua riding, L 66.300 ; Kaiwarra Town district, L 4.872 ; Johnsonville Town district, L 5.476. Counsel argued that his clients ought to be assessed according to the value of the land, supposing it did not carry the railway, as the amount expended on permanent way, etc., should be taken into consideration. Mr Bell appeared for the local bodies interested, and contended that the construction of line, erection of buildings, etc., had vastly increased the value of the land in the possession of the company, consequently the valuations should be upheld. The Board was of opinion that the principle must be sustained that the value of the fee simple should include the running rights. The valuations were therefore sustained.

The property tax reviewers for Auckland were yesterday applied to by H. Keesing, member of the Hebrew community, to change the day of sitting, which had been fixed to take place on Saturday. He objected to attend to business on the Sabbath, and would not do so, even if it involved thousands! He felt impelled to draw attention to the matter, as there was too much of that feeling : “ Oh, never mind the Jews.” The Board decided to hold the Court on the Tuesday instead of Saturday.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890530.2.11

Bibliographic details

THE PROPERTY TAX., Issue 7920, 30 May 1889

Word Count
256

THE PROPERTY TAX. Issue 7920, 30 May 1889

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