THE MORATORIUM
PREMIER’S; PROPOSED LEGISLATION
(Per Press Association.) AUCKLAND, June 10.
Speaking at a •complimentary banquet to the Hon hir. Parr, Mr. Massey said that the moratorium would end on December 31. He was going to ask Parliament to amend the law so that the borrower might go to the Supreme Court and state his cases and ask the judge to look into it. If the judge thought the mortgagor had a chance to recover he would make arrangements for carrying on the mortgage for two years, but not longer.
He could not believe there was going to be the trouble some people talked about. Security of broad acres was just as good as ever it was. He knew mistakes had been made during the boom period, but as the 1914 legislation enabled the mortgagee to apply for an exemption, so he proposed that the legislation should be just turned round the other way.
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Bibliographic details
Wanganui Chronicle, Volume LXXXI, Issue 19034, 11 June 1924, Page 5
Word Count
154THE MORATORIUM Wanganui Chronicle, Volume LXXXI, Issue 19034, 11 June 1924, Page 5
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