Findlay v Valuer-General - [1954] NZLR 76

Valuation of Land — Capital Value — Valuation for District Valuation Roll — Estimating Various Interests in Land — Mortgages or Charges disregarded — Apportionment of Value between Owners of Different Interests where Owner of Fee Simple divested of Lesser Interests — No Deduction from Capital Value for Charge not Constituting Interest in Land or for Interest of No Value or Impossible to Value — Valuation of Land Act, 1951, ss 2, 8, 9, 11, 13, 15, 45.