SOLDIEES' HOUSES

Evening Post, Volume CV, Issue 123, 26 May 1928, Page 11

SOLDIEES' HOUSES

I* CONDITIONS OF SALE (By Telegraph.—Press Association.) 25th May. A curious disability under -which returned soldiers are placed if it should becomo necessary for them to dispose of houses subject to soldiers' mortgages was referred to at the annual meeting of the Marlborough Patriotic Association by Mr. \V. J. Girling, M.P. Ho said that if a soldier desired to sell his houso he had first to endeavour to find another soldier as, a purchaser and, failing that, could sell to an or : dinary civilian. But the Department raised the rate of interest from 4J per, cent, paid by soldiers to the current advances' rate of 5$ per cent. The result was that as plenty of houses carrying ordinary State Advances mortgages at 4$ per cent, were on the market soldiers were being un-duly-penalised- and naturally found extreme difficulty in finding purchasers for their houses. Mr. Girling said "he had taken the matter up with the Department, but had received no satisfaction so far. The association decided to write the Minister of Lands pointing out the injustice of the system from the discharged soldiers' point of view. •