changed Dunedin, Wellington and Christchurch to Capital Value rating without any recourse by ratepayers. They also got rid of the 2% land tax on commercial land valued more than $160,000, at the behest of the Business Round Table. That is why the Dominion Breweries derelict site in Wellington could sit for ten years till it was sold to New World Supermarkets for a speculative gain. They paid minimum rates under Capital Value rating, and didn't have the 2% land tax to put a bomb under them so the site could be sold as quickly as possible to someone who could build on the site. I hope that you will have a revue of Land taxes versus Capital Gains taxes and see that land taxes are better in all respects.