BORROWERS ONT LIFE POLICIES
j (To the Editor.) ] Sir,—"Burdened Borrower" has a letter in your issue of 7th February with reference to interest charged on loans on life policies, complaining that the New-Zea-land Government Life is the only-office that has reduced its interest on such loans^ since the coming into force .'of the 20 per cent, reduction. It is a pity that "Burdened Borrower" should have made such a statement without verifying its correctness. Writing for my own office, the Norwich Union Life, the oldest life office _in the world, I should like to state that immediately, the Act came into force our interest rate was at once reduced to comply with the Act.—l am, etc., FRANK WILLIS. , 9th February.
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https://paperspast.natlib.govt.nz/newspapers/EP19330209.2.52.2
Bibliographic details
Evening Post, Volume CXV, Issue 33, 9 February 1933, Page 10
Word Count
120BORROWERS ONT LIFE POLICIES Evening Post, Volume CXV, Issue 33, 9 February 1933, Page 10
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