MORTGAGES EXTENSION ACT.
JUDGE RESERVES DECISION. (by telegraph—-press .Association. DUNEDIN, Dec. 18. The first application 'under the Mortgages Final Extension Act, 1924, for orders granting leave to a. mortgagee to, exercise his powers of sale came before Mr. Justice Sim this morning. The judge reserved his decision, stating that he did not think he had jurisdiction. Mr. Macalister, for the applicants, contended that the Act was badly drawn, the Legislature having obscured its intention. The construction of the Act. at present declared a “close season” for mortgagors for nine months. He hoped the court would ■strive against an interpretation leading to such a result.
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Hawera Star, Volume XLVIII, 19 December 1924, Page 5
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104MORTGAGES EXTENSION ACT. Hawera Star, Volume XLVIII, 19 December 1924, Page 5
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