SUBSTANTIAL REDUCTION

Poverty Bay Herald, Volume LV, Issue 17230, 9 April 1930, Page 12

SUBSTANTIAL REDUCTION

BOROUGH PROPERTIES THE. NEW VALUATIONS ■■'-.' ■ Reductions totalling £7085 in t|p* capital value and £9005 in the. unimproved value, :i'i;-ilan increase of £14"1 ft iii~ the'Value bf'Lhe improvements was revealed '.it a schedule tjt! , revised values of borough properties, presented at last eventm:'* meeting rj the Borough Cpuii&il. The statonu'ilt tawed ; i'tt the iheeting idtovvefl the fot|l old eupiral' yuiuu'tion or" bor.iugu properties at £57,640, and the new valuation at v £ol>;6So, less ail estimated' rednctiiui nndtjr section -T2 of £97-25. The o'bl unimpVflYod v .yAlue wa#-.. shown at £35, 140.'-and-'.the nejy4dtN|ss,lsCL. Jess nib e/itimated 1 cchietroiv 52 Of £9lO-5, „ymV tfre &UL value ;<(f the improvement's;, was -shown aV.;£2f,Boo, and the new. valuation' at a : reduction ot- £O2O under.the .sec.tidji. Following. ..is a list some borough -pro-perties affected, . the old valuations being given in parentheses:—'. ,-,■;..;.' ■' Club'section,.Oruiau'd road: Capital value £1370 (£825) ;• unimproved £ll2O (£G2S). Office. -rite; Head's.. Quay: Capital £4320 (£4100); unimproved £l32t) (£1000). Old fire station: Capital £19'60 .(.€2925); unimproved £161)0 ,(£2450). Uisborne Rowing Ohiib's site,: Capital £4so' (£5,10); unimproved £lo'o (£150). Poverty Bay Rowing Clutb site; Capital £470 (£650); unimproved £lO6 (■£l3o). Workers' dwellings and ear bam Carnarvon street: Capital , .£3150 (£600(1); unimproved". '£l'3os : "{'£li'OOj v . Botanical Gardens:" Capital'' £3265 (£3050); unimproved-£2863' (s3T#)l ;■ Workers' dwellings and yards, Childers road: Capital £10,560 (£8405); unimproved £4160 '(i3o&K>)', Cliililors road reserve: Capital, £5515 (£4135); unimproved £'4'ji4s' ..: Botanical Gardens; ttoobu«k■'"' Aberdeen road: Capital £IO3O- (£1500); . unimproved' £1025- (£1475). ' '. • Sanitary reserve;' Ca*pifai£l3os (£3320); (£2950),"... ■;, ■/. .. \. ,/^'[ , Railway reserve lease:.Capital£3lSs (£1585)'; unimproved £200: Bath sites Capital £O6O ■(&&$?•. uuir i!inprove(l£66o (£060). >; ;,: \Vaiteata ; Park, subject "to tion- under section 52: <Japitat 1 £"1935 ; (£1215)); uiumproved £IB6O (£1200). Kutene road reserve, subject to jre* valuation under section .52:. Capital £2370 (£1075); unimproved -£244* (£1050)'. .;:,, Xxetak' Park,.'subjwt im ?evutuati'on f under section 52: Capital £SSB(J (£3350);; uinjupyoved £5580 (£3350j: Hangapapa Town Board office: Capital £340 (£510); unimproved- £150? (£300).