MORTGAGEES ORGANISING

Taranaki Daily News, 19 January 1933, Page 7

MORTGAGEES ORGANISING

PROTECTION OF INTERESTS READY FOR A GOVERNMENT MOVE. FURTHER LIMITATION UNWANTED. BIG MEETING AT CHRISTCHURCH. By Telegraph.—-Press Assoeiat.on. Christchurch, Last Night The formation of a Mortgagees’ Protection Association of New Zealand was the outcome of a largely attended meeting of mortgagees, solicitors and businessmen held this afternoon. The association will seek to organise mortgagees throughout the Dominion for the protection of their interests and will put their case before the Government in the event of any further proposals to limit their rights by legislation. One of the chief complaints expressed at the meeting was the Government’s action in enforcing the payment of accrued land tax and rates after a property came back on the mortgagee s hands. It was agreed to ask the Government to remove the mortgagee’s responsibility in this respect. The executive was authorised, if it thought fit, to send a deputation to Weilington at an early date to place the claims of mortgagees before the Government in the event of any further proposals to limit their rights compared with the rights of stock mortgagees. It was agreed to communicate with similar interests in Auckland, Wellington and Dimedin in order to extend the movement.