SERVICEMEN’S LOSS
Deposits On Houses (By Telegraph.—Press Association.) AUCKLAND, October 1. Some servicemen who have paid deposits, in cases amounting to £lOO, on house-purchase deals which have fallen through owing to the necessary loan not having been obtained from the State Advances Corporation, have lost their money, according to a statement' by Mr. A. P. Postlewaite, president, at a meeting of the R.S.A. executive last night. Mr. Postlewaite added that in one case the deposit lost by the serviceman was all the money he had saved to buy a home. Mr. C. Beer said it. must: have been through an unreasonable agent, and moved that the Real Estate Institute be asked in such cases to return the deposit and not to charge commission. Another member stated that the terms of the Servicemen’s Settlement and Land Sales Act were already being given effect to, though the Act was not yet operating. Mr. Beer's motion was carried.
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https://paperspast.natlib.govt.nz/newspapers/DOM19431002.2.18
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Dominion, Volume 37, Issue 6, 2 October 1943, Page 4
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155SERVICEMEN’S LOSS Dominion, Volume 37, Issue 6, 2 October 1943, Page 4
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