FARM MORTGAGES

Otago Daily Times, Issue 22827, 11 March 1936, Page 7

FARM MORTGAGES

TO THE EDITOR Sir,—-I should very much like to warn farmers that every opportunity will be taken by stock firms to consolidate their positions to use to their benefit any legislation implemented by the Labour Government. Wherever possible farmers will be evicted, and the farm's will be taken over by the firms, as mortgagees in possession, placed under managers till sold profitably to the benefit of the firm, or till Labour achieves a revaluation of all disputed properties, when again the firms will obtain the full benefit of the adjusted values. As a case in point, I should like you to publish the followin'? information lyhich 1 have just received. After 10 year#’ toiling, saving, and, scrimping, a farmer from Teviot district has been lately evicted from his land. He relates that his wife, in whose .name the property was managed, suffered. a nervous breakdown in December through worry, etc. While in this state she was induced to sign in the office of the manager of a stock firm in Dunedin a consent to a power of attorney over her affairs. She is now separated from her husband and sons, who also have been evicted from the property, which will now probably revert to the stock firm already in possession, to be dealt with,in a manner suited to the firm. 1 here call on this man’s neighbours to verify the accuracy of his complaint and to the manager of this firm to deny this farmer’s accusations, and if he is unable to do so I challenge him to justify the ethics of his conduct—l am, etc.. .1. B. BiR'ILES). Green Island. March 0-