LAND AGGREGATION.
PROI'EDI'ION FOR. SMALL SETTLERS.
G OVERNMENT’S PR OPOSAL, “Although there is. no particular indication that land agregation on a. ..serious iscale is taking place in the Dominion, the Government is desirous of protecting as far as possible small settlers’ holdings from absorption into large estates. With this in view it i.si proposed to apply a check by means of the duty on conveyances, the present rate of which is £1 per cent. This rate would under the new operate oil transfer of rural land to a holder who will not have with his new purchase an excess of a fixed capital value in land. Any acquisition above that value, however, is to be subject to an increasing percentage rate to a. maximum of 8 per cent. The proposed method should appeal to all who desire to see the settlement of the country maintained on a basis of opportunity for the small settler, and fuller details will be submitted to honourable members at ai later date.” The above is an interesting exfcreet from the Financial. Statement, which was delivered in the House of Representatives last night.
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Hawera Star, Volume XLV, 25 July 1925, Page 6
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187LAND AGGREGATION. Hawera Star, Volume XLV, 25 July 1925, Page 6
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