MORTGAGE FINANCE PROPOSALS

Press, Volume LXXI, Issue 21386, 31 January 1935, Page 15

MORTGAGE FINANCE PROPOSALS

VIEWS OF THE BUSINESS COMMUNITY (tntss association ieleobah.) WELLINGTON, January 30. An intimation that a statement of the view of the business community of New Zealand on the proposals of the Government as to mortgage finance will shortly be made public was given to-night by Mr A. O. Heany, secretary of the Associated Chambers of Commerce. Mr Heany said that press reports had appeared, in which the Minister for Finance had given an account o£ the reception of the Government's mortgage finance proposals by the various bodies which the Minister had met in the main centres recently. The Associated Chambers wished to explain that the main object of such conferences as the Minister had had with commercial, financial, and investment Interests was not criticism of the proposals, but a better understanding of just what the proposals, as outlined in the pamplet published by the Minister, actually meant. "An expression of the views of the commercial, financial, and -investment interests throughout New Zealand has been specially entrusted by those interests to a central committee in Wellington," said Mr Heany. "The views of this central committee have been crystallised in the form of a statement Which will be available for public information at an early date. When this statement is published the views of the commercial, financial, and investment interests of New Zealand will be adequately and fully expressed therein."