Mr James Green, M.H.R.
TO THE EDITOB. Sir, — I have hud many inquiries from Wai» kouaiti County consequent on Mr Green's attack on the Advances to Settlers Act. Mr Green sympathises with the " struggling New Zealand settler" because the latter has bound himself for 36 years to pay 5 per cent., and if intereat falls below that Bum the borrower cannot avail himself of the fall. I will with your leave, state three facts that will interest Mr Green. 1. No private -lender advances small sums at 5 per cent., thus the Advances department cuts the money market in favour of the " struggling New Zealand settlers." 2. Most of the advances relieve -borrowers from higher rates of interest paid on their existing encumbrance!!. 3. The "struggling New Zealand settler" can borrow to-day and repay his loan tomorrow. When interevt falls below 5 per cent, he can thus take advantage of the fall.— l am, &c, May 27. J. F. M. Fkaseb.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/OW18960604.2.141
Bibliographic details
Otago Witness, Issue 2205, 4 June 1896, Page 37
Word Count
161Mr James Green, M.H.R. Otago Witness, Issue 2205, 4 June 1896, Page 37
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in