IN ARREARS

King Country Chronicle, Volume XXVI, Issue 3447, 19 November 1932, Page 4

IN ARREARS

STATE ADVANCES LOANS. An attempt to obtain a statement from the Prime Minister as to the policy of the Government in connection with arrears on State Advances mortgages was made by Mr. R. McKeen (Labour, Wellington South) in the House of Representatives on Thursday evening. Mr. McKeen said it was estimated that the Crown tenants of the Dominion were £1,000,000 in arrears, and the opinion was widely expressed that the men could not carry the burden any further. The same applied to State Advances mortgagors, many of whom were in arrears in both principal and interest. He asked whether the Government intended to go into the question of adjusting the valuation of State Advances properties, or whether it was intended to wipe out the arrears of those who had found it impossible to pay. The position would have to be faced in the near future. In reply, the Prime Minister (the Right Hon. G. W. Forbes) said that in cases where mortgagors were doing their best, the Department was doing everything to meet the position. No policy had been laid down in regard to arrears, but each case was dealt with on its merits, and in deserving instances everything possible was done.