CANDID OBJECTOR

Wanganui Chronicle, Volume 80, Issue 256, 28 October 1937, Page 8

CANDID OBJECTOR

VALUATION OF FARM APPLYING FOR RELIEF [ Per Press Association. CHRISTCHURCH, Oct. 27. An objector to the valuation placed on his farm at Ellesmere candidly told the Assessment Court to-day that he had paid or promised to pay more than he considered the properly was worth, as he intended as soon as the purchase formalities were completed to apply for a readjustment under the Mortgagors’ and Lessees Rehabilitation Act. The objector said ne paid £2OOO, of which £l9OO was still owing, for the farm of seventy acres twelve months ago. Examined by an officer of the Valuation Department, the objector said he did not consider the property worth more than half of what he paid for it. “As a matter of fact I did pot care whether I paid £2B or £BO per acre," he said, “as 1 intended to apply immediately for an adjustment under the Act. Under that Act the Government says I am entitled to £4 per week, and 1 have only taken £265 gross off the farm in a year, so 1 cannot take £4 a week for myself and pay interest on £1900.” The magistrate, Mr Hewitt, commented that the old-fashioned idea that when a bargain was made it must be stuck to, whether good or bad, did not seem to hold now. The Court reserved its decision.