THE MORATORIUM.
MR MASSEY’S INTENTIONS. ASSISTING THE MORTGAGOR. (Peb United Press Association.) AUCKLAND, June 10. Speaking at a complimentary banquet to> the Hon. C. J, Parr, Mr Massey said that the moratorium would end on December 31. He 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 the mortgagor had a chance to recover he would make arrangements for carrying on the mortgage for two years, but not longer. Ho could not believe there was going to be the trouble some people tallied about. The security of broad acres was just ns good as ever it had been. Ho knew that mistakes were made during the boom but as the 1914 legislation enabled the mortgagee to apply for exemption so he proposed that the legislation should be just turned round the other way.
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Otago Daily Times, Issue 19195, 11 June 1924, Page 7
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158THE MORATORIUM. Otago Daily Times, Issue 19195, 11 June 1924, Page 7
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