MR. LANG ABSENT
N.S.W. BANK INQUIRY NO MALPRACTICE CLAIMED CUnitcd P.A.—By Telegraph Copyright) Reed. 11 a.m. SYDNEY, To-day. At the inquiry into the mortgage transactions of the Government Savings Hank arising out of allegations by Mr. J. T. Lang in Parliament, William O’Malley Wood, president of the Advances for Homes Department of the bank, gave evidence that nothing improper had ever occurred in granting loans to home-builders. No pressure had ever been used to alter valuations, and no dealing or bargaining had occurred. Regarding second mortgages, similar evidence was given by other bank commissioners. Herbert Tress, the bank’s solicitor, denied that there was any form of impropriety in handling legal business on behalf of the bank’s clients. The fees charged were generally below the recognised scale. Only three second mortgages were handled in one year. kludge Edwards, chairman of the Commission, commenting on Mr. Lang’s absence from the proceedings, said he had tried without avail to get into touch With Mr. Lang. The hearing was adjourned.
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Bibliographic details
Sun (Auckland), Volume II, Issue 512, 15 November 1928, Page 11
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166MR. LANG ABSENT Sun (Auckland), Volume II, Issue 512, 15 November 1928, Page 11
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