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Poverty Bay Herald, Volume LV, Issue 17230, 9 April 1930, Page 8

I 1 iyuvp s presented to the llorourh Council lasi ((Veiling await Mm now valuations of niUiticipnl" property in the business and catli;n - l a ll areas showed a decrease m lho unimproved value of ( f'w3b. (lie ohl Valnatiuii being JB3SjMO, end the new valuation £2b,C46 If these figures should prove do be rojirosont;oli e of -.a hint ions llinvaghoiit tlui borough tlie eeinudl will hire to iuere.ise the .rale pen S'A of, on improved value ’ sid • slanlinlly, In :ve a return e- I ni.;iJout i the amount of last year's, rales. The int i oast would bo dtp ivaleiit to about two-ninths of last- year's rate 1)' fid in the. £I, and would bring the total rate !'*er £l. In' hoi ween Std and JOd. Most property owners l a -e been estimating their 'rating liabilities at 'about this %nre, and those whose properties have increased in the raminr r'cd value have doubtless calculated fairly closely the ■amount of revenue they will afford to the council on the 'new values.