A.M.P. AND FREEHOLD SECURITIES

Gisborne Times, Volume LIX, Issue 9574, 27 July 1923, Page 4

A.M.P. AND FREEHOLD SECURITIES

j (To the Editor.) 1 . Sir.—ln your issue of .Julv 20 there is a paragraph under the above lieadmp. from which it appears that ‘-the irime Minister said that ho had frequently hoard that the AM p < 0 eiety had declined to lend ant more moneys on freehold securities In Xew /mafand,. and he believed it to be true/ • 1} a / I ' n - a - 1 ? os^tlon to say emphatically that it is not true, and 1 shall he glad if you can find space to pubthis denial. L W hen land is released from some of the burdens it now carries and values thus become stabilised at a safe level the .soernty will, when it has money awumhle. continue its settled oolicV p- lending to the producer, from whom °‘ Halns so large a proportion of its assurance business. The Society is bonne; to consider “safety first' - in investing its policyholders’ monev. and V. nat sane man won id sav that' ! r .,J tnoresrages are as safe at the present anms as loans to local Indies? Which inoreover. plays as large a Part in tl:e development or tne country as loans to uuhviduals.—l am. yours etc v, x . A. AMIES, -Manager for hew Zealand -\ M 1> Society, Wellington, July 20th