THE MORTGAGE BILL

Evening Post, Volume CXXII, Issue 70, 19 September 1936, Page 8

THE MORTGAGE BILL

(To the Editor.) Sir,—Please let me commend Mr. Wright for his protest on the second reading of ; the Mortgagprs Rehabilitation Bill. I protest against this interference with private investments. .■•The late Government was rejected by the people of this Dominion, yet the; Labour Party persists in following its policy. I am a widow with a small amount invested in a collateral mortgage/the mortgagor also being a widow who at the time was in a good financial position. During the slump She suffered a reverse, and was unable to pay ,her interest. I was not allowed to sell the properties, and after about two years some of the arrears are being paid off. She has been allowed one of the houses to live in but I am in the position that the house I occupy is on the market and may be sold at any minute, but I am not allowed to sell the house she lives in although it would give me enough ready cash to purchase one for myself. '■ •'■■ , '. , , I would like to suggest that instead of the unemployment levy which benefits some but not all members of the community that the funds be used for a compulsory insurance from which every one would benefit should the necessity arise. Many people would never have \to call upon it. The exclusion of every woman from /the benefits of the unemployment gratuity is unjust.— l am, etc., PANKHURST.