MORTGAGORS’ RELIEF.

Star (Christchurch), Volume XLIV, Issue 457, 19 May 1932, Page 14

MORTGAGORS’ RELIEF.

Work of Adjustment Commission.

The Canterbury and Westland adjustment commission appointed under the Mortgagors’ Relief Amendment Act will sit again in Christchurch on Tuesday next. It will be in Timaru on June 7, and from there will make a tour of other towns in South Canterbury, where sufficient applications have been filed to warrant a sitting. The chairman of the commission, Mr J. R. Cuningham, said yesterday that both mortgagors and mortgagees were acting very reasonably and fairly in the settlement of their troubles. Very few applications for the commission’s judgment were made until after the passing of the 1932 amendments to the Act. It has so far dealt with fifteen applications—eleven in Christchurch and the others at Rangiora. Altogether thirty-one applications have been received from different parts of Canterbury and South Canterbury. None have so far been filed in Westland. Adjustment commissions throughout New Zealand have been given a further task under the National Expenditure Adjustment Act. By this Act, in cases where there are complaints of hardship upon the reduction of rents and interest, and the parties do not agree to go before the Supreme or Magistrate's Courts, the commissioners are given powers of investigation.