THE MORATORIUM
STATEMENT BY PREMIER.
SHORT EXTENSION OF MORTGAGES.
BY ORDER OF SUPREME COURT
Par Press Association. AUCKLAND, June 10. Speaking at a. complimentary banquet to the Hon. C. J. Parr, Mr Massey said that the moratorium ends in December, but lie was going to ask Parliament to amend the law so that a borrower might go to the Supreme Court, state his case, and ask the Judge to look into it. If the Judge thought that the mortgagor had a chance to recover, he would make arrangements for carrying on the mortgage for two years, but not longer. He could not believe there was going to be the trouble that some people talked about. The security of broad acres was just as good as ever it was. He knew that mistakes were made during the boom period, but as the 1914 legislation enabled a mortgagee to apply for ■exemption so he proposed that the legislation should be just turned round the other way.
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Bibliographic details
Manawatu Standard, Volume XLIV, Issue 1038, 10 June 1924, Page 5
Word Count
164THE MORATORIUM Manawatu Standard, Volume XLIV, Issue 1038, 10 June 1924, Page 5
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