The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-06-26
Nrm xRILAND.
lasw ~ pvsVsMss ere BufdlRs 20 ~ EHsFs
NESS TagIwaes,

mess esfiWHep'
Fissfss FiHsA kfHB N NJ Iaas nsHd,Hi
have ius' returned ffum IN extended itip
lhfuush New lssiaRd, aud In ai The titHe iwaa
there lid not sre, w ciiy, town NJ tnnnit't
n HiUHin trfsuh vhU dI nu' have euoiHh -
rHi aud ~ wear. picHiv NJ uHfh " snud INV
and The wlii ~ do There Hfr nn hraH9ts
there efr nn i'aUts thrfe Hfe pfa'liegllV
No %uhempiUyr III, and there ere " ha fUta
unra ftefr 10 p]fntHhlt ~ une ~ The ISL
Ands vh1ar wealth sveerds y million dollHts,
ahd these whose possessions amount w. that
much htp very few when the liberal NUys
efnbrut came lnio puwrf nnerh trafa Hao
The ruluhv WA IN y vrfy had way fhrt"
we're his landed estates and absrntrr oWnrta,
~ that n6st ~ The wealth pfodurul w w"
Islands vent overseas Consequently IN
dua,tv had come 10 n HtAhddIl, and most
~ the WofkinaHeh had no work Those
who could get enough money together ia
pay. theit passage we're leeylnR by III" ship
load, and thope who could n1i we're heina
cared for by tho Government In shelter sheds
and soup kitcheha since those days the
created wealth ~ the colony has Increased
Wy Ct72 ,Cn, OnO, and there IL no reason 10
suppose tina, n the Government had not In
tcrfefed with the commercial laws OF gravity
a large part Of that wealth would not have
gone into the building up ~ big fortunes and
commercial bodies more powerful than tho
Govern nent.
ono OF the frat things the Liberal Govern
ment did was 10 InAu sirate the policy OF tho
urstin up Of the bia landed estates. These
have been bought comp lsorily " the owners
were unwilling TO sell-divided into small
holdings and leased 20 actual settlers. In
this way the Government has resumed over
100, 900 acres. The leasehold tenure for 900
years OF these lands. and also OF unimproved
Crown lands. and q fiat rental of 4 per cent.
On the unimproved valuation made II possible
b9r en- man oa NC a mater T how P pSS G 10 eslsni,sh
went into the, business OF loaning money and
advanced to the settler at S per cent. interest,
TsSSs,0' see % TO 0s yet pf SImRsel} started and
make his Improvements. The Government
With this isnd polio and TIN Il made every efrort
e help the az In e5 ESe dh TO f BsoS on m the LAND md
men on the land who otherwise, could have
done no better than 20 drift along on the
straits at tie frst Calamity This policy pltS has
p "fSs eeT" Of fV Wealth ioii Themselves themselves and he
the favo S%e form Of. land tenure, but there
favor OF the freehold, and it is probable that
the tn, SSSsr n en- VIZ soSa grant it, the right s d Of
ermined. that. this shall not, result In. segre-
the land as widely dlstributed as possible
t h%% eonsr Oh R he dist r. fns 81 'o Of % %esith! by TThh efe
Is already a restriction upon the number OF
a arre puf shas mf from 6e the fbSa9Gs re9p by f ri,h fare lsas9
the danger Of the building up Of large estates
which win come with the extension Of the
the amount Of land that can be held by one
person. BY whatever title or however &C,
e eslssa, to pe enact ,sS at the Sh next t session Goo Uf Paaiia.
ment. will not affect existing titles, but Will
make invalid the title to any land in excess Of.
probably. 5000 acres, which any one person
Most systems Of taxation are devised for
q the eh pq 4apetetist Gt p 81 the New Ff zsaiae;d 9 ldta If i
the functions and purposes OF government
that the primary intention, of It's scheme Of
%here Wealth already Is. There Is no ~ prop
erty tax, and there is, no tax on improvements:
the land less the value Of all improvements.
In addition to the ordinary land tay there Is
The unimproved value Of the land is SIS, 900.
eighth Of a cent to the pound sterling, and
steps until 1t reaches ak cents to the pound,
payable when TNi.t the e.. value is a million dollars r.
Hg m9re epop p'i sSse PsT cent oMne sqd't1 Roidin tax d II
small value are exempt from the ordinary
land tax, the exemption amounting to 50 500
81. 500. and gradually diminishing UP to the
value Of sl2, 500. This is in accordance with
the settled pOtcy OF the Government TO make
to Increase their possessions. The result
Of the exemptions and DEDUCTIONS is that only
one-ffth of the, New, Zealand land owners
pay a land tax: but during the last ten years
the number OF land taxpayers has increased
by 90 per cent.
The. income tax, is levied in conjunction
with the graduated land tax. and Is assessed
or from mortgages on land This is exempt,
Of course. because its capital is assessed I'm
der the land tax. Incomes Of less than 81 500
are exempt from the INCOME tax. and there
$3.50 yearly for life insurance premiums. The
rate OF the tax for last year. was IL cents on
the pound for the first taxable IS 900 and "a
amount-respectiyely, ~ and 5 per cent.
The number of income taxpayers Is about
one In 100 of the population. They have more
time the, receipts from the income tax have
officials think that their returns are remark
ably complete, and do not believe that there
ing officers verify returns at the taxpayers
domicile, and the commissioner can compel
the production for their use Of all books.
5 5slsao Of s he ts,s ss9sE sheets tneome and T 2thG Sno sT :
edge that this will, be done II necessary and
the penalties attached to refusal have had a
wholesome moral effect, while the careful
also give instruction to taxpayers when
necessary as to the KEEPING Of simple forms
Of account, which will facilitate, the making
1syisI91n and checking osGs 5y Som ms5s 1ha in the
very efficient in It's practical workings. The
land and income tax act has been en- in op PEI
In which TO be thoroughly tested, The large
l~andholders. naturally enough. do not like
the gradua ted land tex; but there seems to be
no. dissatisfaction with the income tax, in
eithpr nrinrinlp or nraCtiCn,