MORTGAGE POLICIES

Grey River Argus, 17 June 1933, Page 6

MORTGAGE POLICIES

DOWNWARD REVISION. fP p r Press Association). NEW PLYMOUTH June 16. That a drastic downward revision of mortgage values should be made immediately, was the text of a resolr.ii, r, adopted by one, hundred farmers a. a public meeting to-day. -Messrs Wilkinson, S. G. Smith Mr Polson Al ’sP attende'l and several schemes for the revaluation and adjustment of Morta2ages wore read, including Mr Wilkinson’s and one planned by a business man, to meet boftr-Smrrower and lender. D was\de(dded to urge the Govern ment to :q>n>.)inT a special Committee to consider \hem. and similar plans, and a deputation was appointed to wait on Air Coates at Justice bad to\ie done to the mortgagee said Mr Polson during his address. He could not forget that responsibility, and determined as he was in help his fellow farmers, he would not be a party to robbing his fellow citizens of their ju.st share at the instance of any other class. The tone of the meeting was that just and equitable arrangements to »both parties were desirable.