MORTGAGORS’ RELIEF
OBSCURITY OF STATUTE REMARKED ON. / (By Telegraph—Per Press Association) !. PALMERSTON NORTH, May 16. The first' application made in the Dominion under the Mortgagors Relief Act wag heard in the < Supreme Coilrt by All- Justice MacGregor. Plaintiffs were George' Albert Frebig, Ltd., oi Feilding,- and. defendant was Eveline Haggitt, wife ol’ a .Palmerston North bank manager. Plaintiffs sought a motion setting aside the exercise of power, of sale and entry into possession by defenJaht," also; their reinstatement as registered proprietors of the land and presubject to a mortgage ;of £4500 • —to defendant. : : . - Tlie judge refused the application, j saying .that the property wag bought Y by :i the .plaintiffs as a speculation, un- ' fortunately lor them on a lulling mar. 1 ketf, and they w'ere not in a position to meet, their-commitments 'in respect cl the!mortgage as .the interest was overdue and 1 defendant 1 had paid - the rates His Honor commented that as this was! the first application under a novel ' and obscure statute lie would not allow costs. .
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Hokitika Guardian, 20 May 1931, Page 3
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171MORTGAGORS’ RELIEF Hokitika Guardian, 20 May 1931, Page 3
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