Page 2 Advertisements Column 7

Pukekohe & Waiuku Times, Volume 9, Issue 601, 21 January 1921, Page 2

Soine anxiety is being expressed in new Zealand as to what will happen on the expiry of the Mortgages Extension Act this year. Will it be continued, or will it be allowed to automatically expire? With the rates ot interest soaring upwards, it is concj i tied that a further extension would be grossly unfair to those who invested their capital at low rates of interest in p,ie-war clays. On the other hand, with the fall in produces and the tightening of money, it is reared that if mortgages are called up ni a wholesale manner a crisis would occur. Would not the Legislatuie be acting in the best interests of the country by enabliig mortgagees to renew their mortgages on condition that they paid the current rates of interest? This would be fair to the capitalist, and would give iho mortgagee a reasonable opportunity of tiding over the period of low prices. “In all my experiences of dairy canning, ’ said a Levin dairyman to a Wanganui Chronicle representative last week, “I don’t think there has ever been a lime when the industry lias been in a position like the m t ', sent. It is true wo arc getting‘binprices, but the question is: What ,s .eoing to be the position at the end "* ;'lai cii when the Imperial purchase finds. I dont want to be pessimistic, out when meat wool skins and hides H r c ‘ lc placed on the open market after the commandeer values fell, t the same thing happens to butter, there will be an immediate effect on land values here, and for this reason blg things are pending within the next lew months.”