MORTGAGE FINANCE.
BILL CRITICISED BY FARMERS. PALMERSTON NORTH, March 9. After an address by Mr W. J. Poison, M.P., at Rangiotu last evening to a meeting of farmers held under the auspices of the New Zealand Farmers’ Union and the New Zealand Dairy Farmers’ Union, a resolution was carried as follows: — “This meeting is of the opinion that as an aid to the dairy farmer the Mortgage Corporation Bill is perfectly useless, since it will neither lower the rate of interest, reduce capital liability nor tend to improve the security of tenure. If, however, the Government is determined to force it upon the community, we urgei that it be amended as follows: That all shareholder capital he abolished, and that the corporation bonds he Stpte guaranteed, to ensure the lowest rate of interest being secured.”
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Bibliographic details
Ashburton Guardian, Volume 55, Issue 127, 11 March 1935, Page 7
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135MORTGAGE FINANCE. Ashburton Guardian, Volume 55, Issue 127, 11 March 1935, Page 7
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