NEEDY LENDERS
AUSTRALIAN MORTGAGEES'
CASE
The, New South Wales State Parliament has extended the moratorium on mortgages for two years. Since the placing of this law on the Statute Book the position has undergone some changes in which experience has obtruded the fact that the mortgagor, sheltered by the Act, is "sometimes better off than the mortgagee. There was talk in Parliament, while the Bill was being' passed, of borrowers known to be living in comfort while those to whom they owed money were in necessitous circumstances, the mortgagor, having no income, being left in possession of the property and living in it. , Remedies under the law are available, but like many others, are not always suitable for application. A Moratorium Court decides problems of the kind , and can make orders. The extension was made to enable a new Parliament (to be elected within a few months time) to consider the moratorium generally on the rising scale of increased business.
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https://paperspast.natlib.govt.nz/newspapers/EP19350422.2.113.3
Bibliographic details
Evening Post, Volume CXIX, Issue 94, 22 April 1935, Page 10
Word Count
160NEEDY LENDERS Evening Post, Volume CXIX, Issue 94, 22 April 1935, Page 10
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