WANTED—A MORTGAGEE ASSOCIATION

Wanganui Chronicle, Volume 80, Issue 253, 25 October 1937, Page 8

WANTED—A MORTGAGEE ASSOCIATION

Sir, —“Fair Play’s” letter on the above subject is rather like the agitation on the coastal lailvvay—coming rather late in the day. “But better late than never,” remembering that another election will soon be here, and that there are just as many mortgagees as mortgagors.

There is no doubt the mortgagees are having a rough deal, getting little or no interest, their equity depreciated through spread of noxious weeds, fences and gates in a dilapidated state, etc.

The more indolent the mortgagor, the bigger his reduction, the less he pays. Not very encouraging to the hard-working, thrifty mortgagee, who reminds me of the man who met the bear on a narrow mountain pass, and seeing his danger, began to pray. “Oh Lord, I am not one of those cringing, crawling sort, who are always asking favours of you, but just this once, if you won’t help me, don’t help the bear, but just stand on one side and let us have a fair go.” Weil, “Fair Play,” you have my sympathy. The only advice I can give you is not to give any more mortgages in New Zealand. Make it a cash deal.—l am ,etc.» “FAIR PLAY IS BONNY PLAY.”