MORTGAGE FINANCE
GOVERNMENT’S PROPOSALS APPROVED, By Telegraph—Press Association WELLINGTON, February 6. General approval of the proposed Mortgage Finance Corporation and some criticism of the statement of the Associated Chambers of Commerce concerning the proposal were made at a meeting of the Dominion executive of the New Zealand Farmers’ Union today. A motion declaring that the executive approved of the creating of a mortgage corporation subject to the provision: (1) That the bonds be sold at a rate of interest that would secure a reduction in farmers’ interest and (2) that control be co-operative or, in the alternative, by the State, preferably the former, was carried unanimously. A committee was set up to deal with details of the Mortgage Corporation consisting of the Hon. F. Waite, Messrs V. r . J. Poison M.P.. H. O. Melsopp, C. W. Mullholland and H. Seifert.
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Bibliographic details
Timaru Herald, Volume CXXXIX, Issue 20027, 7 February 1935, Page 6
Word Count
140MORTGAGE FINANCE Timaru Herald, Volume CXXXIX, Issue 20027, 7 February 1935, Page 6
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