RENT RESTRICTION.
PLEA FOR REMOVAL. (By Telegraph.—Press Association.) AUCKLAND, May 29. That the Rent Restriction Act, which .expires next July, should be allowed •to die a death too long delayed, was •urged on the Premier by an influential deputation of the New Zealand Real Estate Institute and Land Agents Association. It was stated that there were many houses at 20 to 25 per cent, lower rent than 12 months ago. Mr Coates: You contend that the •repeal of the Act would give freedom of action, and that would mean more • competition, and so bring about .cheaper rents. You say that the competitive element does not exist owing -to the operation of the Act. Mr Mclndoe: “That is so.”
Mr Coates said the question of repeal would have to be considered by •Cabinet. He promised that the representations made would be duly considered.
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Bibliographic details
Thames Star, Volume LIX, Issue 16799, 29 May 1926, Page 5
Word Count
142RENT RESTRICTION. Thames Star, Volume LIX, Issue 16799, 29 May 1926, Page 5
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