REVALUATION SOUGHT.

New Zealand Herald, Volume LXIX, Issue 21098, 4 February 1932, Page 13

REVALUATION SOUGHT.

BOROUGH OF MORRI NSVI LLE. APPLICATION BY COUNCIL. [from orn own- correspondent.] MOrtRIXSVILLE. Wednesday. The Morrinsville Borough Council has decided to apply to the Valuer-General for a revaluation of the whole borough. This is flip outcome of numerous revaluations during the past two years which have resulted in a considerable reduction in the rateable value of the borough. In passing a resolution to this effect, the council stated that it did so with regret, as it had been forced into this position by circumstances. "There is only one line of action for us to take," said tho Mayor, "and that is to go for a revaluation of tho whole borough. I cannot sco any other way. I wish I could." In bringing the matter forward, the Mayor said members of the council all knew that Morrinsville was being seriously affected by recent revaluations obtained under sections 45 and 50 of the Valuation of Land Act. Action was taken by the previous council, which had circularised other local bodies in September, 1930, but. with very little result. Recently the council had again circularised local bodies asking for support to get legislation passed at the coming session to have the Valuation Act suitably amended.