WAR DAMAGE PREMIUMS
(P.A.) WELLINGTON, Thursday. Regulations authorising the re-cently-announced reduction in the amount of the premium necessary to be paid under the War Damage Act are gazetted to-night. The amount of the reduction is from 5/ per cent to 1/ per cent, the same as that announced by the Minister of Finance, Mr. Nash, some time ago. One new clause alters the amount of the premium to be paid by mortgagees, the clause reading as follows:—"The proportion of war damage premium, or premiums, payable by a mortgagee under any mortgage, shall not exceed the interest payable under the mortgage for the preceding year." Another clause grants to tenants and others bound under contract with a mortgagor the same rights of recovery as are held by the mortgagor.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19440114.2.107
Bibliographic details
Auckland Star, Volume LXXV, Issue 11, 14 January 1944, Page 7
Word Count
128WAR DAMAGE PREMIUMS Auckland Star, Volume LXXV, Issue 11, 14 January 1944, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in