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Gisborne Times, Volume LXXIII, Issue 11592, 18 March 1932, Page 7

ft, was slated on holla If of a I armor ( mortgagor in the course oi heai mg of his application for rebel unde l the -Mortgagors’ Rebel Act, in 'he Invei'cargdl .Magistrate’s Court, before Mr. %■ C. bevvey, S.Mthat l-lie Act did not apply *« any security signed alter tin; date of the,ACleaving the mercantile eompany with which lie was operating, tree to take action under its see unify. 'l'his si element wa«. volunteered iii reply in l !l , question, as l:q why the applicsuit din not snap' his ‘lingers at ;th<® niereanlile'lirm as it did nob apjiear that the- eompany could lake any action under the security without reference to the court. “f.f that is the replied bis Worship, “this Act is not going to lie much rise to anyone, and it is time the Law Society made representations to have this 'sort of thing stopped.’’ In course of evidence' the farmer said the mercantile firm had practically forced linn to buy 50 head of store .cattle, although lie had not desired to do so, and later had'induced him to sell a nuinher <>l lambs before, tiiey were properly Tat, with the result that they had ■ realised a much lower price than would luive been the ease had they been, left, to fatten-property.. '‘lt a'ppea-rs, /said the Magistrate, “that 'the com- ' pany is driving the -applicant, wherever it'Wants''and T am not prepared to tolerate jit at the'' expense, of the /mortgagors! The company appeal s to he taking ail the ei'Cain off the milk because the, firm. will. turn, the jug ever when ft is finished 'with. it.” His. Worship adjourned the. application for, months conditional upon interest on the second mortgage and rates.hemp .paid iii the' : meantime.. :