THE LAND.
ORGY OE SPECULATION
“Will the Prime Minister give instructions to the Valuation Department that in every instance where farm properly has changed bauds at advanced prices it will be valued for taxation purposes on that basis?"-asked Mr J. T. M. Hornsby i Wairarapa) in the House on Wednesday. Such a system, lie urged, would do much to cheek the present orgy of speculation.
Mr Massey: 1 agree that there is far too much speculation in land, and am afraid the effect will not be in the interests of the country presently. (Hear, hear.) But I have discussed this point with the head of the department, and ho has assured me that lie takes no notice ol these extreme prices paid for land. He tells me, and 1 agree with him, that it is belter to take a general average than to pay attention to these extreme prices.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MH19191018.2.14
Bibliographic details
Manawatu Herald, Volume XLI, Issue 2043, 18 October 1919, Page 3
Word Count
149THE LAND. Manawatu Herald, Volume XLI, Issue 2043, 18 October 1919, Page 3
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.