Soldiers’ Lost Deposits
(P.A.) AUCKLAND, This Dav. Some servicemen who have paid deposits, in cases amounting to £IOO, on house purchase deals which have fallen through owing to the necessary loan not having been obtained from the State Advances Corporation, have lost their money, according to a statement by the president (Mr. A. P. Postlcwaite) at a meeting of the R.S.A. executive last ni’ght. Mr. Postlewaite added that in one iase a deposit lost by a serviceman was, all the money he had saved to buy a home; Mr. C. Beer said it must have been through an unreasonable agent, and moved that the Real Estate Institute he asked, in such cases, to return the deposit tind not to charge commission. Another member stated that terms of the Soldier Settlement and Land Sales Act were already being given effect, although the Act was not yet operating. Mr. Beer’s motion was carried.
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https://paperspast.natlib.govt.nz/newspapers/NA19431001.2.28
Bibliographic details
Northern Advocate, 1 October 1943, Page 2
Word Count
151Soldiers’ Lost Deposits Northern Advocate, 1 October 1943, Page 2
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