VALUATION OF A COAL MINE
WsJ : * -*— INCREASED BY THE COUBT. CfiY. TELEGRAPH.— ASSOCIATION.] fflifc..' Gbetmoutm, Wednesday. -M the Grey Assessment Court a case of ~iift«rest to local bodies was an objection Si3.de to the valuation oil the Blackball Coal Company's property. The bounty feußeil maintained that the. valuation was •■co low. The present valuation was /'JSjOpO. The local bodies' system estimating the capital value made the figures ,#160,000. Counsel contended that all gross ; ' : P-'onts, such m owners' profits (royalties) 1 »nd company's (lessees) profits should be t«&en ' into consideration*. besides ;the i.-net P'oSis, for purposes of valuation, ,; county .'.:''""• *at*B, and capital value. • " _ ."- V ;- • After a lengthy hearing,the'Court raised' $<¥$$* valuation;to £51,115, an increase of I^S^f^ibeing^under; the heading, "Goal :■ - . values figures,'-', which ,were ■■ altered from Sft'P^^ unimproved values. " ' r .... i. ' c ' * ,
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19121024.2.51
Bibliographic details
New Zealand Herald, Volume XLIX, Issue 15132, 24 October 1912, Page 7
Word Count
129VALUATION OF A COAL MINE New Zealand Herald, Volume XLIX, Issue 15132, 24 October 1912, Page 7
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in