Guarantees For Mortgages
(N.Z. Press Association) PALMERSTON NORTH, October 22. The Government was concerned about the number of house mortgages which had to be supplemented by second or third mortgages at higher rates of interest, said the Minister of Finance (Mr Muldoon) in Palmerston North today. It was proposed to expand the use of mortgage guarantee insurance in New Zealand, as had been done in Australia, he said. The State Advances Corporation had the ability to guarantee mortgages, but this facility had been used sparingly. It was intended to encourage private participation as well as that of the State Insurance office in this field.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19691024.2.55
Bibliographic details
Press, Volume CIX, Issue 32127, 24 October 1969, Page 7
Word Count
104Guarantees For Mortgages Press, Volume CIX, Issue 32127, 24 October 1969, Page 7
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.
Log in