THE WARD LAND POLICY.
PITY FOR THE BIG HOLDER
SYDNEY, September 7. The Telegraph, commenting on Mr HcNab's speech, says the assertion that the power of foreclosure was taken away sixty years ago is a fairly large one, because sixty years ago, New Zealand as a colony hardly existed, and had no land laws. There have been many foreclosures since then, and finan- * cial institutions have loaded up with land in New Zealand. In addition to the graduated land tax they will now have a notice to quit, and companies will realise this, and take their capital away from the colony. "It appears to us, n continues the Telegraph, " that a Bank or insurance company 'Will be debarred from advancing to any buyers, as, in time of depression, a lot of property might be thrown on hands which could not hold it. If serious loss should be involved, it would be due to State confiscation of the right to hold the property paid for, which had hitherto existed, and on the strength of which capital was invested in the country."
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Bibliographic details
Waikato Times, Volume LVII, Issue 8003, 7 September 1906, Page 3
Word Count
180THE WARD LAND POLICY. Waikato Times, Volume LVII, Issue 8003, 7 September 1906, Page 3
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