MORTGAGE FINANCE

Press, Volume LXXI, Issue 21413, 4 March 1935, Page 9

MORTGAGE FINANCE

» ; ' 4( .,. :i vry natural j have b<c _ jjepart mcnt. , • , ■ j.U-li'S .-I!.- u, sho " • -,' c '-'V l /• a - - 'b!" :>! say ] ; ■■. "-'l ;■,; a:i si;no • - J';' can state : ■ .'fi ■! ■" ■ S:>PP-'- ; =- ," .... i-;s ;r.' ~:zwv: . t- ' '' ; :iiurt- , 11 ■ ,'MsonV ■■ Wi!! V'HI I'Ui. ' ' T i, t . , bvaaa- reply i 'nay alV '-he- ;-'-c tli:.- year, be there this year. V back-it wul come .;"r--'-e5 r:' >' acaiii" r'r. of !a~ri and stock a.v....» t. is m::i<»t I'T!--r con ' the Minister lor J'wonc el.-c —definitely 'S&f Vr'of '' : ie department. * is "ccmmon iViat the losses run into b ■ "c- :r.tr.o:i assurnp"kmr.viwtee " , *" bonds nren \-:v incurred ' ' ' ; •; - rata n hi tabuia, r "* : ri-a ■ -erlaini d. will be i:?: - s--.', ;•!-.{! rot the V-'arHiii :-tudv of the tha- -rca' care has safeguard both '.he m'!r-' S'?A 'he prosper;:'. e borrower. f ' L KQrrrv.

:--Froxri the tone of the letter of rl'tfo*" in v <"-'ur i?si«e of Saturday it ."-'""be '.height that there is some -"'■.--,• ibc.:'. the losses sustained by .r=v Advance- Department. That • t.'tro:' tii? ca.-e is plain to anyThe New Zealand ■i>2'' Year Boci for 1935 at page t .-" i;™er the "General .'—;;: '■'."':'■:■>: re are covered the three -T'"- "'"'tl'L of operation of the de- ;: s .Cr-l"dvancTS to settlers < in- j iT-vTVurai advances). advances to i"i*ri.'ar.d advances to local author- '""'••■. rx'.ter exercising the mind of '■">"'&.&"'•.s dealt with in the follow- ::; ertract:— ' . :,".,-. '„■ 1.,... j IT'ir. Ifti to March 31, 1934. a total '? £"5A62.493 has been advanced: re-.jivrrer.-.M in full and payments r.f in- !*:■".?.■::• have aggregated JJ 32.950.915. tiv.iiZ a balance outstanding of ■X's.'.'.*s?. ran: pricing < ■ut^taiiding =. : '.<j :<:V'.t-r~. 'i.2'i,XYl.\'>l. '•> workt. i and The i'.cal auth0ri'4.572.21*5. '■'*■■'■'.. the jnag.iitiidi- of sum in-

2 ' t.ie that have trued lit: only to 'hr borrowers but to Hie tUTOruriity at largo, are mt into consideration it appears to jsc-eipi-n mat the Joshes of the deSWwct in 40 year.-- i.re eomparaV vz'i 3".d that if the National iasjaje Corporation make.; no greater vti-r a *.:r.:j:.r period. its e;;tabavc proved well worth e'- , NON-EXPERT.