STATE AS LENDER.
LIABILITY FOR RATES. GOVERNMENT CRITICISED. (By Telegraph.—Fress Association.) CHRISTCHURCH, Monday. A protest against the action of the State in refusing to pay rates on properties which fell into the hands of the State lending departments was made by the Christcliurch City Council to-night. The motion before the meeting, forwarded by the Timarn Borough Council, was that the Mortgage Corporation and other State lending departments should be placed on the same basis as every other private lender of money in their liability for rates.
It was stated hy a member of the council in the discussion that many of the properties which had passed into the hands of the State as mortgagee were now let at full rentals, sufficient to pay interest, capital charges and rates, but the Government refused to pay any rates.
Another member said it had been practically promised when the' Mortgage Corporation was formed that it would not be regarded as a Government Department and that it would not claim exemption from rates. It was agreed unanimously to support the resolution of the Timaru Borough CouuciL
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19351022.2.155
Bibliographic details
Auckland Star, Volume LXVI, Issue 250, 22 October 1935, Page 15
Word Count
182
STATE AS LENDER.
Auckland Star, Volume LXVI, Issue 250, 22 October 1935, Page 15
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