LAND VALUATION.
MINISTER SOUNDS A WARNING. (By Telegraph—Special to Standard.) WELLINGTON, July 29. “The present depression is not a justification for a permanent revaluation of tlie lands of the Dominion, and if it were done it would bring about a crisis much greater than the present,” declared Hon/ E. A. Ransom, Minister of Lands, in declining to agree to a suggestion from the member for Temuka (Mr Burnett) that there should be a commission to inquire' into wliat he called the perilous state of most Crown land settlements in Canterbury. After assuring the House that Crown tenants were most sympathetically treated by the department in connection with their difficulties, and that stock and station agents were working with the Government to treat their clients liberally, Mr Ransom added: —“I suggest that to revalue the lands of the Dominion on the basis of the present prices for the next twenty years would create such of securities that the very crisis, we are trying to avert would be created.”
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Bibliographic details
Manawatu Standard, Volume LI, Issue 204, 30 July 1931, Page 7
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167LAND VALUATION. Manawatu Standard, Volume LI, Issue 204, 30 July 1931, Page 7
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