RENT RESTRICTION
EXTENSION OF LEGISLATION. NOTICE GIVEN OF MEASURE. (By Telegraph—Special Reporter.) Wellington, Last Night. An extension of the existing legislation relating to rent restriction is provided for in the Rent Restriction Bill, of which the Minister of Labour (the Hon. Adam Hamilton) gave notice in the House of Representatives to-day. This legislation, which provides that a standard rent shall be determined on the basis of 7 per cent, of the capital value of the dwelling, exclusive of rates, insurance, repairs and depreciation, applies only to houses first let before 1920, and since 1928 it has directly affected only houses to which it has been expressly applied by order of a magistrate.
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Taranaki Daily News, 11 September 1935, Page 5
Word Count
112RENT RESTRICTION Taranaki Daily News, 11 September 1935, Page 5
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