Mortgage Adjustments
.Sil". — Il is tin- avowed iiiii-mimi of I tic Government Io enforce adjust mem. ol mortgages of kind so they will lit in with guaranteed prices. In tin- menntime does this apply only lo dairying land'.' How will it be applied where laud is used for both wool-growing and dairying?
If land mortgages are to be adjusted surelv in common justice it will apply also ‘fo stock mortgages. Ju 11)28-29 and 30 many land occupiers became liable to mercantile firms ami banks for stock purchased at; twice to-day's value. 'Today nobody in the Dominion is more able or better equipped to make some concessions lo the unfortunate mortgagors who still owe them Illis money than the stock firms ami banks. They are all most prosperous, providing substantial rebates, paying good dividends, and in some cases, especially with stock firms, also providing huge salaries for managers and others. Will, this Government have (lie courage Io insist that they accept a reasonable indebtedness in ilie same way as land mortgagees will have Io accept it? If not, will it tell us wily not? Isn't the position of .both sets of mortgagors the same?—l am, etc.. FARMER. Hasting-. May 2(1.
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Bibliographic details
Dominion, Volume 29, Issue 202, 23 May 1936, Page 11
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199Mortgage Adjustments Dominion, Volume 29, Issue 202, 23 May 1936, Page 11
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