N.Z. DEPRESSION
MORTGAGEHOLD TROUBLE
(Australian Press Association.)
SYDNEY, May 23,
■Sir Lemon Raws, just back from New Zen’ and, says that although things are bad in the Dominion, there -seemed to be no lack of confidence. The Public Works were not entirely suspended. Graziers in the South Island were having a particularly hard row to hoe. but were .standing up well to their altered circumstances. In the North Island the high standard,.of efficiency of dairy farmers were enabling them to make ends meet. The great trouble in New Zealand seemed to be the extent of the mortgage system. Everyone appeared to be either ; a mortgagor or mortgagee, and often ■both.
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Hokitika Guardian, 24 May 1932, Page 5
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110N.Z. DEPRESSION Hokitika Guardian, 24 May 1932, Page 5
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