MORTGAGE ADJUSTMENT

Evening Post, Volume CXIX, Issue 134, 8 June 1935, Page 24

MORTGAGE ADJUSTMENT

A LAYMAN'S VADE MECUM

Semi-official explanations of the recent mortgage legislation have already appeared in-pamphlet form, but Messrs. I. Meltzer and R. C. Burton, LL.M., have prepared a concise explanation of the two Acts, Rural Mortgagors Final Adjustment and the Mortgage Corporation of New r Zealand. The explanation, no doubt, is-as concise as the authors could make it, but it runs into 52 pages, of close-set and small type. The careful, studious, and patient layman may find some difficulty in mastering the details of the legislation and it seems a practical certainty that trained legal minds will discern- in it abundant matter for divergent views. The authors have used quite simple language .in thenexplanation and comments; even so, unless one is bound to have recourse to the legislation, it is difficult to follow, but in its interpretation the trained legal mind is to be preferred. The form adopted is question and answer, and the authors appear to have thought of every question likely to arise in the mind of mortgagor and mortgagee, and have endeavoured to answer it in plain language, so that their work should prove invaluable to all who are more or less directly interested in farm mortgages. The publishers are Messrs. Dowdy and Annand.