ASSESSMENT COURT.

Poverty Bay Herald, Volume XXVIII, Issue 9163, 4 June 1901, Page 3

ASSESSMENT COURT.

4 W. F. Shaw, Te Arai, 967 acres, capital value £1789, unimproved value £967, improvements £267, lessee £555: No appearance. Valuation sustained. Assets Company, Limited, Tolaga riding, 2608 acres, capital value £3260, unimproved value £o260:. No appearance. Valuation sustained. S. K. Spencer, Tolaga riding, 2800 acres, capital value £1230, unimproved value £880: No appearance. Valuation sustained. W. T. Acland Hood, Tolaga, 700 acres, capital value £2525, unimproved value £1050, lessee £1475: No appearance. Valuation sustained. T. H. Loisel, Tolaga, 1806 acres, capital value £7000, unimproved value £3600, improvements £34Q0 : No appearance. Valuation sustained. E. A. Tucker, Tolaga, 638. acres, capital value £1157, unimproved value £557, lessee £400: No appearance. Valuation sustained. M. L. Tucker, Tolaga, 597 acres, capital value £1378, unimproved value £609, see £286 : No appearance. . Valuation sustained. M. B. Tucker, Tolaga, 561 acres, capital value £991, unimproved value £530, lessee £311 : No appearance. Valuation sustained. - Assets Company, Limited, Waikohu riding, 322 acres, capital value £4960, unimproved value £3220, improvements £1740 : No appearance. Valuation sustained. W. and G. Barren, Waikohu road district, 8932 acres, capital value £4466, unimproved value £4466 : No appearance. Valuation sustained. W. and G. Barron, Waikohu, 3040 acres, capital value £2027, unimproved value £2027: No appearance. Valuation sustained. Wm. Morris, Waikohu, 27 acres, capital value £189, unimproved value £135: No appearance. Valuation sustained. Wnii Cooper, Waipaoa riding, 4244 acres, capital value £1592, unimproved value £1592: No appearance. Valuation sustained. John T. Partridge, Waipaoa, 4508 acres, capital value £1691, unimproved value £1691 : No appearance. Valuation sustained. Messrs. Wi Pere and Carroll, per Walter G. Foster, Aroha road district, 15,190 acres, capital value £30,455, unimproved value £15,000, improvements £15,455: Mr DeLautour appeared for the objectort. Richard Sherratt manager for Wi Pere and Carroll estates for the Bank of NewZealand, deposed: I have charge of the Okahutiu property. The Bank has expended £5000 on improvements. The land was formerly covered with fern, manuka, and light scrub. It carries 5000 sheep and 300 head of cattle. It carries about H sheep to the acre. That is its full carrying capacity. It is manuka country, and difficult to hold. •It has a tendency to go back. The tendency to go buck depreciates the value of the property. I think £2 10s woujd be a fair market value for the improved part. George Grant, land valuer, deposed that the Okahutiu block was second-class land, light soil, and it would come back to manuka in a. great many places. Did not think the land was worth more than 12s or 13s all round. The improved land would be worth £2 10s. It would not sell well except as a whole. By Mr Campbell : Reckoned the improved land would carry 1£ sheep per acre. There were patches of good land in the back of the block. Mr Campbell called Alfred Forde Matthews, who said he valued the land at £1 an acre, unimproved. An adjacent block of 4000 acres was bought at £1 an acre. Had an intimate 1 knowledge of this land for many years past. That country, if properly broken in, should carry li sheep to the acre. The property would cut up very well for sale, and if roads were made it would fetch £1 an acre.

\ By Mr DeLautour: I think that coun try can be broken in for 21s per acre .0 To properly grass the land would cost 7 d 6d to 8s an acre; cost of sowing, abou i- Is 3d an acre. lan Simson said he assessed the un d improved value at £1 an acre. If thi e property were put in. the market to i- morrow it would fetch £2 an acre, s. (Left Sitting.) , , » ' • ' i 1 \ * 1 ' 1 j