RURAL MORTGAGES.
SOM E AD J U STM EN TS
An oversight in the Rural Mortgagors I ma! Adjustment Act is remedied in an. amending Bill which was introduced ill the House of Representatives by 'Governoir-Generars message late last night. T T ,.® Y iuister Y Finance, Rt. Hon. •). G. t nates, said there was power m the Mortgagors and Tenants Belief Act to write down interest and arrears Inder the Final Adjustment Act the Court of Review of jMoitigiigurs’ Liabilities was not givoii that j lower, having authority to adjust principal only. The aomendliicnt sought to correct this .positiort. the court having asked lor power t<? adjust interest.
A clause in the* Bill gives to mortgagors and mortgagees tin* right of appeal to the Court of Review against tliie decisions of adjustment commissions in iesp< ct to the* <listrihution r>i a. mortgagors’ income during the budgetary period provided under tin* original Act. The decision of tlie court in this respect i.s to be final.
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https://paperspast.natlib.govt.nz/newspapers/PAHH19351025.2.23
Bibliographic details
Pahiatua Herald, Volume XLIII, Issue 13090, 25 October 1935, Page 5
Word Count
164RURAL MORTGAGES. Pahiatua Herald, Volume XLIII, Issue 13090, 25 October 1935, Page 5
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