The Colony's Mortgages.
An interesting return of mortgages re* gistered during the year ending 31st March last, has been laid on the table of tho House. The total was 9111, aggregating £4,858,766, and of these the interest on £995,400 was unspecified. The amounts under 4 per cent, were insignificant, but £73,730 was lent at that figure ; £195,327, at 5 per cent ; £146,598, at 5£ per cent ; £822,891, at 6 per cent ; £95,416, at 6£ per cent ; £721,526, at 6£ per cent ; £14,002, at 6§ per cent ; £871,940, at 7 per cent ; £142,865, at 7£ per cent ; £511,212, 8 per cent ; £31,715, at 8J per cent ; £96,808, at 9 per cent ; £114,867, at 10 per cent. Various rates of interest were charged on small sums— up to 40 per cent, which was registered against a £50 mortgage, and 22| per cent against £40 ; but 20 per cent was registered against £901, and 15 against £2435, and 12 and 12& against £1329 and £1590 respectively,
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Bibliographic details
Feilding Star, Volume XVII, Issue 71, 20 September 1895, Page 2
Word Count
163The Colony's Mortgages. Feilding Star, Volume XVII, Issue 71, 20 September 1895, Page 2
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