In 1916 the average mortgage per acre on farm land in New Zealand was £3 9s 7d, and t.hat on city land £491 per acre. In 1924 farm mortgages rose, to £4 7s 5d and city mortgages to the extraordinary amount of £2024 per acre.
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https://paperspast.natlib.govt.nz/newspapers/HPGAZ19270228.2.15
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Hauraki Plains Gazette, Volume XXXVIII, Issue 5094, 28 February 1927, Page 2
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45Untitled Hauraki Plains Gazette, Volume XXXVIII, Issue 5094, 28 February 1927, Page 2
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