MORTGAGORS AND TENANTS RELIEF

Evening Star, Issue 22047, 5 June 1935, Page 8

MORTGAGORS AND TENANTS RELIEF

OPERATIONS OF THE ACT MINISTER'S REVIEW ! , ' (t fP*R United Press Association.] s AUCKLAND, June 5. In reviewing the operation of tht Mortgagors and Tenants Relief Act today. the Minister of Justice said that up to February 28 last 13,915 applications had been dealt with by the courts.' Of that number 12,145 had been referred to adjustment commissions for investigations. Of the 12,145 a total of 11,252 had been investigated by February 28. There were 506 now awaiting investigation. The total sum secured by mortgages in respect of which relief was sought was approximately 274 millions. The total amount of interest in arrears at the date of applications was £2,086,214; of which sum £40.827 was remitted by the courts. This was apart from the large amount remitted voluntarily. It was estimated that for every one case dealt with by the courts two had been settled voluntarily. ',, ■ Dealing with leases, the Minister said that 1,997 relief applications, involving an annual rental value of £603,738 had been considered by the courts. Relief was cranted in 954 cases, and declined in 246. The total of arrears remitted was. £78,509.: ;