TIGHTNESS OF MONEY.
-financial authorities state that there ■is considerable difficulty in getting money on- mortgage in Oliristchureh. Securities which six months ago -would have been amply sufficient to get money at <H per cent', cannot now |ge tflie money at 6 per cent. The of the money market in Christchurcli is attributed in some quarters to the fact, hat last year was the first for many years in which praoticallv no money was borrowed in the Dominion. It- is feared that the, coming wi'hter will be a hard one for itlbe workers in several centres and districts. One authority on financial matters has suggested that the Advances to Settlers Office might borrow land -Save, the situation to some extent. Another person- emphatically 'affirms that fjurphis profits. which were formerly lent on mortgage are mow spent on motor cars, and is pracdcailly lost money, except when the ca« are emipJoyed for business pur-jpose-s. .■''■.
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Wairarapa Age, Volume XXXII, Issue 10601, 6 April 1912, Page 4
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153TIGHTNESS OF MONEY. Wairarapa Age, Volume XXXII, Issue 10601, 6 April 1912, Page 4
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