DEPRESSED CLASSES
Sir. —In these prosperous times, when all produce is selling well and labour wages are soaring, two classes of our community receive no benefit from the good prices. First, the unfortunate person who had let his hard earned savings out on second mortgage some years ago and lost the lot during the last slump. Now the lucky mortgagors are having a great time. Second, the person who has his hard earned capital out at interest, either with Government stocks or mortgages out at a low rate of interest, making it very hard to meet the present costs of living. Surely there ought to be some merns in relieving this situation. I would like to hear some more able opinion on this subject.—Yours, ptc., VICTIM. April 13, 1951.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19510416.2.8.4
Bibliographic details
Press, Volume LXXXVII, Issue 26397, 16 April 1951, Page 2
Word Count
129DEPRESSED CLASSES Press, Volume LXXXVII, Issue 26397, 16 April 1951, Page 2
Using This Item
Stuff Ltd is the copyright owner for the Press. 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 Christchurch City Libraries.