THE MORATORIUM
TO END ON DECEMBER 31
PREMIER OUTLINES PROCEDURE FOR BORROWERS.
AUCKLAND, June 10. Speaking at- a complimentary banquet to trie Hon. C. J. Parr, Mr. Massey said that the moratorium ends on December 31. He was going to ask Parliament to amend the law, so that, a horrowei might go to the Supreme Court, state his case, 'and ask tho judge to look into it. If the judge thought the mortgagor had a chance to recover lie would make arrangements for carrying on the mortgage for two years, but not longer. He could not believe there was going to be the trouble some people talked about. The security of broad acres was just as good as. ever it was. He knew mistakes were made during tlie boom period, but as the 1914-legisla-tion enabled a mortgagee to apply for exemption so he proposed that the legislation should he just turned round the other way.—P.A.
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Gisborne Times, Volume LX, Issue 9728, 11 June 1924, Page 5
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155THE MORATORIUM Gisborne Times, Volume LX, Issue 9728, 11 June 1924, Page 5
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