N.Z. MORATORIUM
For Duration of War
YESTERDAY’S NEW REGULATIONS.
WELLINGTON, August 1
A virtual moratorium is imposed, for the duration of the war, by the Mortgage Extension Emergency Regulations, 1940, which were gazetted to-day. Protection is afforded in cases outside of the scope of these regulations by the Debtors Emergency Regulations, 1940, which also were issued today. They may supersede the Courts’ Emergency Powers Regulations gazetted on the outbreak of the war, which gave extensive protection to mortgagors and debtors of every description.
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Bibliographic details
Grey River Argus, 2 August 1940, Page 2
Word Count
83N.Z. MORATORIUM Grey River Argus, 2 August 1940, Page 2
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