STATE ADVANCES
deBartment institutes system of weekly payments. ASSISTING MORTGAGORS. The State Advances Department has arranged. that mortgagors who have been unable •» to keep - up their pay-. ments -regularly .on- account of economic conditions may make payments of principal and ihterest weekly. It is considered that any mortgagors who have'-1 'been getting behind -^ith-'-th'eif paymentd'would have a better chancC of keeping them up to date if they were- allowed to. pay in small and regular- -instalment^: -; * • •>>>■.■ • Mortgagors- -wliose anriual ohliga-i tion amount to £52 will be perniitted to pay this off at-the- rate' of £lvper week, and af'six-monthly " period&- ifKe D'eP'artmbiit Will ' submit a statement showing the position of the mortgagor. ][f it-is f ound that the' mortgagor has been able to keep ' up with' hi^ pa'yntents he will be allowed the usual rehate. ''Woekly payrnents' are: to-Abe ^'niade through- the Post Office in the meantime, but the Department intends later I to appoint collectors to call on mortI gagors. As'a1 result;of tHeinew"S!ystlm it is j hoped th;at the Department will have
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 368, 1 November 1932, Page 2
Word Count
172STATE ADVANCES Rotorua Morning Post, Volume 2, Issue 368, 1 November 1932, Page 2
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