MORTGAGE RELIEF
PRINCIPAL AND INTEREST
•The Dominion ■ executive of 'the •Farmers'• Unionc carried:.' a resolution yesterday supporting the' suggesiion 'of • .the president (Mr. W.. J. Polsonj M;P;) that the' Governmen- be asked to seri: ously; consider 'extending'the Court's power to: provide for: adduction of prineipai'as well' as! of interest,-where it-thought^fit.-- ■■'-'■ ' ; •■■ ;;X.. ; The opinion .was. expressed that ■an arbitrary-; reduction would not work out equitably.' ,;.S6meCmoney. had-been borrowed rat -as', low as: 4 per cent., and other at ,6, .or. 6 J per cent. _. ;Areduc--tip.ii of interest for ayear or two was not,sufficient for a manwho had; a big debt, but if .there was a possibility-of reducing .the. principal the farmer, would have renewed'hope and courage. / ;
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https://paperspast.natlib.govt.nz/newspapers/EP19320204.2.37
Bibliographic details
Evening Post, Volume CXIII, Issue 29, 4 February 1932, Page 7
Word Count
115MORTGAGE RELIEF Evening Post, Volume CXIII, Issue 29, 4 February 1932, Page 7
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