PROTECTIVE ACTION
BY MORTG AGEES RIGHTS ARE EMPHASISED (Per Press Association! CTTPTSTPrir'IX'Tr. T,n4. NighL The ntorbarv bran"!) of the ?ww Zealand AFortgagcos ’ Protection Association was formed to-daV. A constitution was adopted, and officers were elected. Tt was agreed to telegraph the Prime Minister emphatically protestin'.;' against further cuts in mortgagees’ interest ('T the contraction of mortgagees’ rights. Other motions carried rvcrc that mortgagees Im rnprosorPen on mortgagors adjustment commissions, that it was common ground that, the drastic, legislalion of the last few months was having ,p serious effect on the financial recorerr of the country, that investors not onlv were finding that their rights in respect- of existing contracts# had boon ruthlessly cut. but wore afraid to enter into now ones for fear that similar or even more drastic legislation might be passed in the future; the result was that the flow of money for securities had definitely stopped.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WPRESS19330126.2.50
Bibliographic details
Waipukurau Press, Volume XXVIII, Issue 29, 26 January 1933, Page 8
Word Count
149PROTECTIVE ACTION Waipukurau Press, Volume XXVIII, Issue 29, 26 January 1933, Page 8
Using This Item
NZME is the copyright owner for the Waipukurau Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in