MORTGAGE INTEREST
DOWNWARD TENDENCY (By Telegraph—Special to "The Mail' ; AUCKLAND, 21st May. The annual report of the Ileal Estate Institute of Auckland expresses the opinion that there is a more optimistic feeling at the present time than for the past three or four years. The. report states that New /calami's crcilit stooil remarkably high in financial cries, as was shown by the recent Government loan flotation in London. It' the banks could see their way tu reduce the overdraft rate better conditions might, be looked for in the near future. Another satisfactory indication ot the trend of the money market was a tendency toward a reduction in the mortgage" rato of interest. Money was now available-, on first class securities at 6
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Bibliographic details
Nelson Evening Mail, Volume LXI, 22 May 1928, Page 6
Word Count
122MORTGAGE INTEREST Nelson Evening Mail, Volume LXI, 22 May 1928, Page 6
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