A MISUNDERSTANDING
Presa Association.j
Mortgage Relief and Bank Credit
(By Telegrsph—
WELLINGTON, Last Night. A misunderstanding among some mortgagors who have failed to make application for adjustment is removed by the Hon, H. G. R. Mason, Minister of Justice, in a statement. "They believe there will be an interruption of their hanking account aud that account will be stopped," he said. "This so-called stopping was merely a separation of transactions previous to the filling of applications from those subsequent to applications." The Minister added that there were a number of reasons why this difjtinction should be made. "The Statute giveg its special protection to advances made to farmers for the current season's requirements," he continued. "There al'e, therefore, spearated from the old account and placed in a second account. The credit of a farmer at the bank is not interfered with by filing an application for adjustment." Mr Mason said that thefe was still time for any farmer who, tlirougli misunderstanding, has failed to apply for an adjustment of his liabilities, to retriav» flip
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Bibliographic details
Hawke's Bay Herald-Tribune, Issue 36, 26 February 1937, Page 5
Word Count
174A MISUNDERSTANDING Hawke's Bay Herald-Tribune, Issue 36, 26 February 1937, Page 5
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