8.—21.
1899. NEW ZEALAND.
LAND-TAX (EXPLANATORY TABLE BY THE COMMISSIONER OF TAXES REGARDING THE DECREASE OF THE).
Laid on the Table of the House of Representatives by permission.
EXPLANATORY MEMORANDUM REGARDING THE DECREASE OF THE LAND-TAX BETWEEN 1892-93 AND 1897-98. Tax, 1892-93 £297,181 Tax, 1897-98 ... ... ... ... ... 267,286 Decrease ... ... ... £29,895—5 ay, £30,000, Accounted for as follows :— £ 1. Allowance for all improvements, 1893-94, after increasing graduated rates ... 13,000 2. Estates purchased by Government ... ... ... ... ... 7,000 3. Mortgages of British companies paid off and replaced by advances to settlers' money, local bodies' sinking funds, and other non-taxable capital invested on mortgages which are exempt* ... ... ... ... ... 6,000 4. Loss from revision of values in 1895-96 ... ... ... ... 1,000 5. Loss from subdivision by death of taxpayers and family subdivision—about £700 a year ... ' ... ... ... ... ... ... 4,000 £30,000 * Money remitted to Great Britain by companies, &c, .. .. .. ..£2,500,000 Less increase by local lending institutions .. .. .. .. .. 1,500,000 £1,000,000 Leaving £1,000,000, which it is reasonable to suppose has been replaced by the advances to settlers' money. John McGowan, Commissioner of Taxes. Approximate Cost of Paper.— Preparation, nil; printing (1,410 copies), 18s. 63.
John Mackay, Government Printer, Wellington.—lB99 Price 3d.]
Permanent link to this item
https://paperspast.natlib.govt.nz/parliamentary/AJHR1899-I.2.1.3.33
Bibliographic details
LAND-TAX (EXPLANATORY TABLE BY THE COMMISSIONER OF TAXES REGARDING THE DECREASE OF THE)., Appendix to the Journals of the House of Representatives, 1899 Session I, B-21
Word Count
182LAND-TAX (EXPLANATORY TABLE BY THE COMMISSIONER OF TAXES REGARDING THE DECREASE OF THE). Appendix to the Journals of the House of Representatives, 1899 Session I, B-21
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in