MORTGAGORS RELIEF

Rotorua Morning Post, Volume 2, Issue 466, 25 February 1933, Page 5

MORTGAGORS RELIEF

amending legislation passes all 1 stages. POSITION OF TOWN TENANTS. ("Post" Special Commissioner.) Wellington, Friday. In the House to-day the Mortgagors and Tenants Relief Amendment Bill was introduced by the Minister for Justice, Hon. J. G. Cobbe who said the Bill was to prevent certain cases of hardship. It was essential that the Bill should be passed before March 1. The Bill conf ers on mortgagors the right to apply for relief where mortgagees have failed to exercise their acorued right of sale for three months. Mortgagors are debarred from contracting themselves out of benefits provided by the principle Act. Lessors are not to be entitled to obtain or execute judgment for rent while applications for relief of lessees are pending.

Mr. Cobbe said that during the past day or so Governnient had heen interviewing certain financial concerns and it was hoped that it would not be necessary to introduce legislation to bring stock and station agents and other financial institutions under the provisions of the Bill. Mr. J. A.^Lee, (Grey Lynn) , said he wanted to know why relief was not heing given to distressed relief workers whose furniture was being seized. The Bill had too much of a rural bias. Mr. A. M. Samual,- (Thames) said the Bill was only another argument in favour of a farmers moratorium. He trusted that the Bill would apply to Government depths and hoped that it would have a softening effect on the State Advances Dept and other institutions which had taken advantage of present day circumstances. Mr. E. Barnard, (Napier), suggested that Government might consider helping people in the cities as well as the farmers. Government should pay some attention to the plight of the workers, He suggested that the law relating to the relief of mortgagors should be consolidated. Mr. Cobbe intimated that an amendment to the Distress and Replevin Act with a view to protecting tenants would be introduced in a day or two. • The Bill was put through all stages and passed.