NEW ZEALAND MORTOR

Wanganui Chronicle, Volume XXIII, Issue 9456, 23 July 1881, Page 2

NEW ZEALAND MORTOR

An interesting and suggestii^Bit has been laid on the table of Ps^W showing the mortgages, in New^ftj under the Land Transfer Ac^Bt Evening Post gives the analysis : — We find that Canterl^fc no less than .£5,095,532 sec^Bg mortgages at the beginning of^HD financial year, of which £I,OC^Bd paid off during the year, but n^BM gages to the amount of £I,6OC,^BjK contracted, thus making tb^Rh amount, on 31st March last, £>Hh Otago comes next in indebted^Bl shows very different results. mortgages at the beginning of cial year amounted to £2,359,9^H» this sum only £449,277 was^B during the year, and fresh o^Bl to the amount of no less than £!^K' — or as nearly as possible two Q^B were contracted, making tbe^Hu total £3,897,078. WelHngto^B thh-d at the commencement of with £1,453,704, paying oH| .£174,573, and borrowing additional, leaving the presa^H mortgages £1,732,139. But as a mortgagor, is now ecli^H Southland, the latter beginning J^Hp with £544,684, paying off ntJßk whole of that sum (£514,792) <lifl| year, but borrowing the £<^Bt amount of £1,778,851 in the bimJUk and having now total mor^^Bfi £1,808,743. Hawke'B Bay he^M year with £988,657, paid oH| £46,007, and raised £158,886, tl^Ml total mortgages being £1,101,53^H transactions of Nelson, Tar.'inai^H borough, and Westland are "^H tively insignificant. The total I^B the whole colony is as follows :-^H beginning of the year the m'^R amounted to £11,512,132, o>JHf £2,402,207 was paid off during ti^H but £6,727,898 more was b«H^ making the present total m^H amount to the enormous >^H £15,837,823, probably represen^H annual interest of at least a ft^^H is further noteworthy that of mortgage indebtedness, Otago, bury, and Southland — that is lo j^m provinces of Canterbuiy and are debited with more than three-^H or £11,340,784. It is also '< U^B remark that fi-esh mortgages to of nearlj' seven millions were coi^H dui-ing the year, thus certainly out the Colonial Treasui - er's that the Property Tax had noi^H i deten-enc to the ; ~ of "f^H i or other c.iital .n the colony.