Public Trustee v Godby - [1949] NZLR 1030

Landlord and Tenant — National Expenditure Adjustment — Relief from Reduction of 20 per cent. of Rent — Contract made in 1927 for Lease to be effective from 1929 — Rent under Such Lease subject to Reduction — Calculation of Return from Property — Land exempted, as Charitable Trust, from Land-tax — Inclusion in Such Calculation of Land-tax notionally payable — Relief from Reduction granted — National Expenditure Adjustment Act, 1932, s 32 (1).