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VALUATION COMMISSION

Sittings of tho Valuation of Land Commission are now being held in Wellington. Yesterday Mr L. O. H. Tripp appeared on behalf of certain leaseholders and freeholders who had recently been before the Assessment Court. He dealt first with the constitution of tho Court, and said objectors could not expect to got justice unless they had a representative on an arbitrating body. In tho cases to which he referred he did nob suggest that the gentlemen who acted as assessors were in any way dishonest; bub they were appointed by a body whose interest it was to keep up values, and their natural bias was against objectors. To him the Court was un-English. Objectors had no chance. Bofore they went there they knew that, and therefore very few objections had been made recently. Another point which objectors wished inquired into was tho method of arriving at the valuation. They thought S'oductivity should be the consideration, r Tripp quoted one case in which £2OO a foot was paid for what he valued at £i2o. The sale was made because the purchasers, a wealthy firm, wanted freehold land in that ; particular place. The sales did not indicate the value. The reel test was productivity. 1A good deal of further argument was heard, and the Commission adjourned.

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https://paperspast.natlib.govt.nz/newspapers/ESD19141126.2.86

Bibliographic details

VALUATION COMMISSION, Evening Star, Issue 15660, 26 November 1914

Word Count
216

VALUATION COMMISSION Evening Star, Issue 15660, 26 November 1914

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