FEW MORTGAGES.
A FORTUNATE PROVINCE.
(special to "ins these.") BLENHEIM, June 12. When dealing at the Supreme Court with a case which centred round a mortgage on lands, his Honour Mr Justice Alpers observed that in Taranaki recently he had come across a caso in which there were over a dozen mortgages on a property. He understood tnat in Marlborough there were never more than, four mortgages, and that even threo mortgages were very uncommon. Ho thought that this fact led to the conclusion that in' Marlborough the owners of land wcro content to farm it, and that thero was not so much of tho speculative elemont iu evidence. Tho farmers apparently realised that they had splendid .productive country and were content to uso it for its legitimate purpose.
Mr W. T. Churchward, who was appearing before his Honour, observed that in Marlborough it was a rare thing to find even threo mortgages on a property. '•lt is a fortunate province," commented his Honour.
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Press, Volume LXI, Issue 18407, 13 June 1925, Page 14
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164FEW MORTGAGES. Press, Volume LXI, Issue 18407, 13 June 1925, Page 14
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