ASSESSMENT COURT.

Wanganui Chronicle, Volume XXXIII, Issue 11203, 25 February 1891, Page 2

ASSESSMENT COURT.

(Before H. W. Brabant, Esq., 8.M.) Tuesday, November 24th, [ Air Jamo3 Purnell appeared for the ! Borough Council ; also as valuer. The first objection was from Mr J. E. t Nathan, part section 67 in "Wicksteed Place. The value was £16 per annum, ', and this he considered excessive as he "could not get £8 per annum for it.— Mr Purnell agreed to reduce it to £12. — j There being no appearance of Mr Nathan £12 was recorded as the value. ; ; jMr Tingey, as trustee for the Wesleyan ■ Cjiurcb. property, objected to the valua- . tion of that property as excessive, and considered it should be reduced from £52 to £35 as the value per annum. The , vacant section was value at £10 and the . other sections at £42. Mr Tingey con- . adored the vacant section not worth I nore than £5 per annum (this being the [ lighest offer received). Mr Purnell ex- , )lained that the capital value of the sec- [ lion was £200, and he was bound by the ! ict not to value the annual rental value , it less than 5 per cent ©f the capital , ralue. He was, however, willing to take i off £4. Mr Tingey did not consider this i 3nou?h. He based his calculations on ;. the value of his own houßes, and cxi plained they were not free to sell church lands. , No evidence, however, being palled, the vajue of J248 per annum was recorded. K. and E, Tingey objected to the value , of ,£2O on the house and section 366 in Victoria Avenue. They considered the i valuation high and excessive, and should be reduced to £15. Mr Purnell agreed i to reduce his valuation to £18. Section 367, section and house in Vici tovia Avenue, owned by W. J. Tingey. The value of £20 was considered exces- . five, and was eventually reduced by the . Court to £16. J. Pickup objected to the value of a house in Niblett-street. He considered £12 too high. Mr Purnell agreed to reduce it to £10.