DEPOSITS LOST
SOLDIERS’ HOUSE DEALS (P.A.) Auckland, Oct. 1. Some servicemen who have paid deposits, in cases amounting to £lOO. on house purchase deals which have fallen through owing to the necessary loan not having been obtained from the State Advance's Corporation, have lost their money, according to a statement by Mr. A. P. Postlewaite, president, at a meeting of the R.S.A. executive last night. Mr. Postlewaite added that, in one case the deposit lost by the serviceman was all the money he had saved to buy a home. Mr. C. B’eer said it must have been through an unreasonable agent, and moved that the Real Estate Institute be asked in such cases to return the deposit and not to charge commission.
Another member stated that the terms of the Soldier Settlement and "Land Sales Act were already being given effect, although the Act was not yet operating. Mr. Eeer’s motion was carried.
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Bibliographic details
Wanganui Chronicle, Volume 87, Issue 234, 4 October 1943, Page 6
Word Count
153DEPOSITS LOST Wanganui Chronicle, Volume 87, Issue 234, 4 October 1943, Page 6
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