MORTGAGE CORPORATION
~BII.Fi CRITICISED RY FARMERS ThESS ASSOCIATION TELEGRAM.) FALMERSTON NORTH, March 9. After an address by Mr W. J. Polfon, M.P., at Rangiotu last evening to & meeting of farmers held under the auspices of the New Zealand Farmers' •Union and the New Zealand Dairy Farmers' Union, a resolution was carried as follows: — "This meeting is of the opinion that: ibs an aid to the dairy farmer the {Mortgage Corporation Bill is perfectly {useless, since it will neither lower the of interest:, reduce capital liability. In or tend to improve the security of ■tenure. If, httwever, the Government os determined to lorce it upon the community, we urge that it be amended as follows:—That all shareholder capital be abolished, and that *the corporation bonds be State guaranjteed, to ensure (he lowest rate of interest being secured."
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Press, Volume LXXI, Issue 21419, 11 March 1935, Page 12
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136MORTGAGE CORPORATION Press, Volume LXXI, Issue 21419, 11 March 1935, Page 12
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