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Wednesday, 26 October 1910

Senator WALKER (New South Wales) - - I move -

That the following words be added to subclause 1, "provided that in each case from the unimproved value of the land shall be deducted the amount (actual or estimated) originally paid to the Crown on grant in fee-simple of the land."

The supporters of this Bill tell us that they desire to secure for the State the increment of value created in connexion with land by the community. We are engaged in taxing the increment of value. But, whereas under this Bill lessees of the Crown are to pay nothing, a man who has bought land from the Crown, and paid for it, is to be taxed. If a man has paid £1 per acre to the Crown for his land, which is now worth per acre, he should only be taxed on the increment of £2 per acre. I submit that the amendment is equitable, and trust that the Committee will agree to it.

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