DOMINION ITEMS.
(Per Press Association.)
KENT-FIX IMC CASE. CHRISTCHU |;CH, This May.— The Magistrate (Mr. S, E. M'Carthy) gave . reserved judgment in the rent-fixing case. Inspector of factories versus Grant (landlord) and laungford, (tenant). The Magistrate held that only the stable basis of valuation should be taken into account in fixing the capital value. The.present Government valuation was £570, but the property would sell for £750 or £BOO. The latter value was dependent on various conditions arising out of the war and partial suspension of the building trade. It would perpetuate the evils which legislation was designed to prevent if such value were taken to corn pule, the standard of rent under war legislation Acts. The building was In a certain state of disrepair. The Magistrate therefore iixed the present capital value at £545. The maximum rent chargeable is eight per cent, on capital .value.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GEST19200225.2.7
Bibliographic details
Greymouth Evening Star, 25 February 1920, Page 2
Word Count
145DOMINION ITEMS. Greymouth Evening Star, 25 February 1920, Page 2
Using This Item
The Greymouth Evening Star Co Ltd is the copyright owner for the Greymouth Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in