MORTGAGE EXTENSION ACT.
AN" IMPORTANT DECISION. by 'iVivgrnjMi.- )•. <• Press Ami cktioa. Welling! on. November 3. Mr IHddvi), decided on an important poini in a civii claim for £IOO on a promissory nolo, given as coiia.eral security on a tuurtg.tgtv Defendant pleaded tlia iion.ga;" .-. Extension Act. Tile Magistral;: held ilia, iplaiutiii's demand on tliu promissory note was equivalent to <>a« 'im- payment of the principal due under tiie mortgage. Sccuon 3 of the Mortgages Extension Act, winch, inter ttiia, iYi|ii;icu tiie mortgagee to obtain leave of tile Supremo Court 'before demanding ptiyiucnt of the principal sum, or any part of that' sum, .secured by the mortgage therefore applied. PiainufV nmsi comply with that provision.
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https://paperspast.natlib.govt.nz/newspapers/TDN19141104.2.5
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Taranaki Daily News, Volume LVII, Issue 138, 4 November 1914, Page 2
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113MORTGAGE EXTENSION ACT. Taranaki Daily News, Volume LVII, Issue 138, 4 November 1914, Page 2
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