A MORTGAGE
A member of the Forest and Bird Protection Society mentions the ease of a financial institution which showed no knowledge ol the danger of erosion when it was making a certain investment. "It had a mortgage on a low-lying farm property of which the value was necessarily dependent 011 the saving oi a protective forest on the upper watershed," the member states, "lhe institution made a loan to the man who owned that forest to enable him to cut it. Thus, the institution, through overlooking the matter of erosion, used its money in a manner which could react very seriously against itself. It took the risk of destruction of the more valuable security—lhe lower farm land."
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https://paperspast.natlib.govt.nz/newspapers/BPB19400219.2.29
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Bay of Plenty Beacon, Volume 2, Issue 125, 19 February 1940, Page 7
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118A MORTGAGE Bay of Plenty Beacon, Volume 2, Issue 125, 19 February 1940, Page 7
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