PROPERTY SALES TO SERVICEMEN

Wanganui Chronicle, Volume 89, Issue 278, 24 November 1945, Page 8

PROPERTY SALES TO SERVICEMEN

Afi AMENDING BILL 6P.A.) Parliament Bldgs., Nov. 21. The Servicemen’s Settlement and Land Sales Amendment Bill, which was introduced, by Governor-Gen-eral’s message to the House of Reprepresentatives to-night, provides that urban land withdrawn from sale can be sold only to a serviceman. The Bill also provides that where a Land Sales Committee has madp an order consenting (whether conditionally or unconditionally) to ♦b* 3 sale of any estate, or interest in land other than farm land and the vendor neglects to complete the transaction, he shall not, within six months after the date of the filling of the order, enter into any contract or agreement for sale, or transfer of the land to any purchaser other than a servicenjan, a discharged

serviceman, or widow of a serviceman. or a discharged serviceman. Another clause gives a right to repay a mortgage affecting land acquired by the Crown. It states that a mortgagor shall have a right t 0 repay to the mortgagee the principal moneys secured by the mortgage, with interest up to the date of repayment only, at the expiration of six months from the day on which the notice was received of the taking of the land, unless an earlier date were provided in the mortgage. The Minister of Lands, Mr. Skinner, said the Bill cleared up some matters that were possibly slightly ambiguous in the principal Act. The Bill was read a second time pro forma ard referred to the Lands Committee.