LARGE HOLDINGS
PROPOSAL FOR BREAKING UP. NEW SOUTH WALES BILL. (United Pre«ss Assn —By Telegraph—Copyright ) (Rec. 10.0 p.m.) Sydney, March 8. In the Legislative Assembly the Minister of Lands, Mr Tully, introduced the Large Estates Taxation Bill designed, he said, to break up large holdings. Taxation would be payable on the total unimproved value of the land after the deduction of £BOOO. The Bill would become operative at Ihe beginning of the financial year. He declared that the holders of large estates menaced the progress of the State. Scores of able-bodied sons of farmers were unable to obtain cultivative land at a reasonable price. He estimated that 15,000,000 acres now used for grazing within 15 miles of railways were suitable for cultivation and would help to solve the problem of the ever-increasing deficit of the railways.
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Southland Times, Issue 21648, 9 March 1932, Page 5
Word Count
136LARGE HOLDINGS Southland Times, Issue 21648, 9 March 1932, Page 5
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