NEW LAND TAX.
Mr Lang’s Scheme to Break Up Estates. COMPULSORY SUBDIVISION. United Press Assn.—By Electric Telegraph—Copyright. SYDNEY, March 8. In the Legislative Assembly of New South Wales, the Minister of Lands, Mr J. M. Tully, introduced the Large Estates Taxation Bill, which is designed, he said, to break up large holdings. The taxation would be payable on the total unimproved value of the land, after a deduction of. £BOOO had been made. The Bill would become operative at the beginning of the financial year. Mr Tully declared that holders of large estates were a menace to the progress of the State. Scores of ablebodied sons of farmers were unable to obtain cultivable land at a reasonable price. He estimated that there were 15.000,000 acres, now used for grazing within fifteen miles of the railways, that were suitable for cultivation. Their subdivision would help to solve the ever-increasing deficit of the railways.
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Bibliographic details
Star (Christchurch), Volume XLIV, Issue 368, 9 March 1932, Page 1
Word Count
152NEW LAND TAX. Star (Christchurch), Volume XLIV, Issue 368, 9 March 1932, Page 1
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