MORTGAGORS’ RELIEF

Taranaki Central Press, Volume IV, Issue 342, 25 January 1937, Page 6

MORTGAGORS’ RELIEF

FORM REQUIRED. STATEMENT NEEDED. Minister Of Justice Reviews Position. Press Association —Copyright. Auckland, Last Night. Replying to criticism that the Mortgagors and Lessees Rehabilitation Act, 1936, made it essential to file a statement of assets and liabilities at the same time as the application and not afterwards, and that consequently it was not in order to file an application without a statement, the Hon. H. G. R. Mason, Minister of Justice, said this was correct and where it was at all possible simultaneously this must be done.

remarks of his should be interpreted as giving any encouragement to a,n informality that conceivably might be fatal to an application, added Mr Mason. Those who disregarded the statutory requirement took their chance whether or not their application would be effectual. Registrars would accept such applications, but those filing them would stand a risk of having their validity challenged by the opposing party. The Minister’s remarks were intended primarily for those living in remote localities, or who otherwise might be at some special disadvantage in the matter of the filing of their applications. Powers of the Court. Under special circumstances the Court of Review had power to admit applications during February and the taking of some action by the applicant within the time for ordinary applications would be a distinctly important element in securing that indulgence from the Court of Review, the Minister said. He would be sorry if his statement, meant for the help of such persons, were to "be interpreted as giving encouragement to others to lodge an informal applicaproper one. tion where they were able to lodge a