STAFF SELECTION.

Star (Christchurch), Volume LXVI, Issue 20649, 25 June 1935, Page 13

STAFF SELECTION.

Mortgage Corporation Statement. Per Press Association. WELLINGTON. June 24. It was stated by the Acting-Minister of Finance, the Hon Adam Hamilton, to-day, that the secretary for the new Mortgage Corporation of New Zealand will be selected from the staff of the State Advances Department. The question of office accommodation for the Corporation will be considered at the first meeting of the Board of Management. It is under stood that the Corporation will be accommodated in the building on Lambton Quay now occupied by the State I Advances Department and other departments. Ararngements are now being made for the Mortgage Corporation to take over the whole of the staff of the State Advances Department, which is engaged on the securities that are to be transferred froin the State to the Corporation. The Public Service Commissioner has arranged to secure for service with the Mortgage Corporation for a pefiod of two years such members of the State Advances Department’s staff as will be required by the Corporation in dealing with rural mortgages. All the existing rights and privileges of the staff to be taken over will be protected for two years, the period of service w'ith the Corporation, after which future conditions will be a matter of arrangement between the Corporation’s Board of Management and the officers transferred to its ser-