PEACE OFFERING.

Taranaki Herald, Volume LXVII, Issue 16521, 23 August 1919, Page 3

PEACE OFFERING.

£20,000 DEBTS WIPED OUT. The purchasers of laud on the Cabramatta Park Estate have bad a remarkable stroke of fortune (says the Sydney Morning Herald). The estate is owned by the well-known property salesman, Mr. Hugh Pritchard, of Auburn, who, it is slated, received a divine inspiration to make a pence offering. by releasing from their liabilities all the clients on his books to July 14 on Cabramatta Park Estate and oilier estates. This he has done by giving them clean receipts and free transfers. The aggregate amount of the gift will it is estimated, run into £20,000. Ho has not only given a complete clearance to those who have purchased from him land on the instalment system on his various estates, but ho has wiped out debts owing to him to over £2OOO. One purchaser of land on the Cabramatta .Etstatc has been handed a receipt for £431, two others for £2OO each, and several for over £IOO. It would seem that those who wore behind in their payments reaped the greatest advantage. Several, it is stated, had taken advantage of the Moratorium Act, and got sadly behind in their payments. They, too, got a clear discharge, while, those who struggled on and succeeded in paying off the whole of thgir indebtedness get nothing.