MORTGAGORS RELIEF ACT.

Press, Volume LXIX, Issue 20756, 17 January 1933, Page 12

MORTGAGORS RELIEF ACT.

Bii'Jj'! j ' TO.TS% EDIT©* Or THB PMSS |lt r 'l ffiir,—l have been reading with conifer 4i&erab»e interest the rariouß letters m IP'- "' Miirtjßagore Belief Act," and I should If*} }k« to know why the .farmers claim ll] i fmsciai treatment -from .the EH' ■ ieflt. Like others, they toe in Sii'--lS had lbcir- trials aud ; ditfacumes, l§i { ImwiEl* periods- when ;they receivea Ili-^^fcr.th«irpro 4 etc and EC' r Boom periods;-with boom tin: bruught%uVland specuII 1.-ImS rauUng the prices of land «n----lli} ■ r*«»oaWj. and ttwia y this 3 ? the mam ||4j..-IWM «* tueir deplorable position. 11; '''fftsua. m»«y purchased large motor l;M* J &*rand travelled over the country llrTi !■*»■*» the cit.es, Bpendmg mon?y |J'. r'' ai Bflalecting their real work of farm if:: «]pay their w; but during their tiJ K iwST of prosperity they forgot to add IP I'" for their mort*ow, they want the exchange fe ?1* raUod, *° that, they will renp BRt:-";!|B-«d»nt«fie for their li f k Neant the import duties to be ta . sed. rates reduced They llPßmw* their stock and agent.firms to Vh\ reductions. They want their ilM : ''■&**» interest, already reduced «* pj 4wTen£. reduced still farther, and IpiKi irhen it suits them or not part *l«- Various sections of the comMHmntty must of course bear all these m\AStmumt. including extra taxation the raised cost of living. Ksl !■ Mr advice to the farmers. >s to g« liti4*o*« to worfe as the pioneers worked, JljpW country. Lot them scorn repudiaffiV Sis-tliev would scorn a..thief; treat Kii-Q mort-asos as sacred documents, 111 f:'fr tic EBaJfehmn ti iloei and not as a rB - «rj.j. of paper; think of >£» ;liK;rUo«.*nd others who have worked s l|?r>«ri.fttlv for scores of years in order to iMh'VH something aside for their old age, m'-'-'ar tfc**e are chiefly the people who m\r.'m mortgages.. The yery best thing; for Why faose farmers m a hopeless condition Wi."«-"» to cet* out and make room tor I| : *h«r* W take over their /arms at « rtnlueed cost. Owing to this IP?'-.; ti*y wi» t» s,We to produce more off lj'*tttw lariiw and carry on successfully. il[?Tfc* aooner t»» Government ceases iniiJhiJariwi** and assisting on© section of flt'-'ifce community at the expense of tlie W'fiiifrtr, the sooner prosperity will re-llr-'Uni to tb'S country; but one thing WH wH *» impossible for the future, Ijklnrlßg to the injustice done to the 111 1 i *lu«rtcagee's. and that is for the > aril iln«*t* borrow any more money, even H'lE** rat* as nigh is 10 per cent. Both HMfiip Govwdment and tlie fanners apHg Sapwir io forget that tlie mortgagees arc Ml Ml* mart essential section of the comI am glad to w»e that a E'F*B«Hi»fr is to be called at an carlv iWCmflr** *° form * n as coc,sltion to pro " LBlCeet their interests.—Yours, etc... ■fig ANOTHKTI MORTGAGEE.