DEFAULT IN RATE PAYMENTS
!« PER CENT. PENALTY SUSPENSION SUGGESTED WELLINGTON, 19th January. The Government lias promised to consider the suggestion that local bodies .should suspend the 10 per cent, penalty for default in -payment of rates, in order to assist in relieving distress. The suggestion was made by Air W. 11. Field, M.P. for Otaki, in a letter to the Acting-Prime Minister (Jhe lion. E. A. Ransom). Mr Field considers that a far more equitable penalty would be a heavy rate of interest even 10 per cent., oil the amount of the rale from the penalty date.
“Your proposal that the Government ask local bodies to suspend the application for the penalty rate appears to have a good deal to commend it,” said Mr Ransom in bis reply; “but when it is remembered that the Government adopts to a largo extent both the penalty and tin- rebate system in connection with payinnls due to the Crown, it could hardly tender sueli advice unless it also granted the concession, and this would not. he practicable, as the conditions of payments are fixed by statute. “Your suggestion that the Government make an appeal to mortgagees to extend leniency wherever possible is also worthy of onsideration. and it will be placed before the Right lion, the Prime Minister on bis return to Wellington.”
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Bibliographic details
Nelson Evening Mail, Volume LXIV, 21 January 1931, Page 8
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220DEFAULT IN RATE PAYMENTS Nelson Evening Mail, Volume LXIV, 21 January 1931, Page 8
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