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THE MORATORIUM.

PREDICTIONS SCOUTED, (Per Pre* Association.! WELLINGTON, Jan. 30. Sir Francis Bell, Attorney-General, on being interviev-ed to-day, utterly scouted predictions made in a Press Association message “that there were going to be sensational happenings when the moratorium expires shortly,” and that “courts are going to be full of swindlers, escaping their liabilities behind the Statute of Limitations, which extinguishes a debt after six years.” “I don’t know what it means,” declared Sir Francis Bell, on being shown the message referred to. “A debt is not passed by the Statute of Limitations if interest has been paid on it. If anybody has allowed a debt to remain six years without payment of interest, he is very likely to have the Statute of Limitations pleaded against him, but as a matter of fact, the moratorium only affects mortgages. Most mortgages are by deed, and the Statute of Limitations does not apply to deeds till after 20 years. It is all stuff and nonsense.”

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/MS19240131.2.53

Bibliographic details

Manawatu Standard, Volume XLIV, Issue 930, 31 January 1924, Page 5

Word Count
162

THE MORATORIUM. Manawatu Standard, Volume XLIV, Issue 930, 31 January 1924, Page 5

THE MORATORIUM. Manawatu Standard, Volume XLIV, Issue 930, 31 January 1924, Page 5