UNIMPROVED VALUES.

Waikato Times, Volume 98, Issue 15289, 16 July 1923, Page 6

UNIMPROVED VALUES.

REQUEST FOR REVISION. AWAIT WORE STABLE CONDITIONS ' DECISION OF CABINET. By Telegraph.—Special to Times. WELLINGTON, Saturday. " There is in my view a very godd reason for continuing to use the existing roll of unimproved values until the. economic conditions have become more settled." Such is the decision of the Prime Minister as conveyed yesterday in a letter to Mr J. A. Young, M.P., who placed before Mr Massey representations on behalf of the Walkato County Council for a revaluation of all properties in the county. " Similar requests have been made by several local authorities throughout the Dominion," said Mr Massey, " and after careful consideration it was decided not to accede to them on the ground that as practically all the rural districts of the Dominion have been revalued since 1914, in accordance with the standard of unimproved value fixed by the Valuation Department for that year, and as periods of boom and slump in land values have occurred since the termination of the war, any attempt to establish now a new basis' of unimproved value at a time of unstable prices for products, would certainly result in greater risk of error than" the basis now in use."