SOLIDER REVALUATIONS

New Zealand Herald, Volume LXI, Issue 18678, 7 April 1924, Page 11

SOLIDER REVALUATIONS

DOMINION BOARD'S : WORK. ". ' | GENEROUS RELIEF ' GIVEN. ADVANCES ON MORTGAGE. ARRANGEMENTS WITH CREDITORS. ! [BX TELEGHAPH.PBBEB ASSOCIATION.] ~. IKVEKCARGILL), Saturday. " Speaking in regard to the soldier settlements, Mr. Massey, in an interview " tonight, said the < district committees were actively engaged in "the work of revaluing soldier farms and some two or three had completed their field work; When the revaluations were completed they were* sent to the Dominion Revaluation Board. To • d.»te; the Dominion Board had made about 795 determinations and the parties interested had i been po advised. The - applications for , reconsideration had been very small, in fact, negligible, and' this was [ distinct evidence that the Dominion Board was generously giving effect to' tho Government's instructions that the soldier settlers were to receive fair and honest relief and assistance.'.'j/ The board had : been able to secure in several cases : the • complete : discharge of second and third mortgages, and .the postponements granted • had been ■in 'almost every case ' more generous than those suggested by the 'district- committees. The board had held;meetingsI in .Hamilton,: New Plymouth," Christchurch, XJlenheim, Nelson and Hokitika, and r had taken the opportunity to view as many areas as possible. The visits of inspection had bean appreciated and were very helpful, as the board j thus obtained first ' hand * knowledge./ v There had been very substantial advances by : way 'of ;' mortgage against land improvements, rentals had been reduced where; necessary, .■> and post* ponements !of {• arrears given for periods of 5, 7, 8, and 10 years respectively, ' and also to the end of the mortgage /' terms (usually 36£, years). The board also actively endeavoured to arranger finances as between the settler and his■ creditors and had mot with a fair amount of / suecess. ' "•■/ ■/";'