MORTGAGE BANK
PROJECTED IN AUSTRALIA. NO MAXIMUM INTEREST RATE „ FIXED. (By Telegraph—Press Association—Copyright) ■ (.Received This Day, 12.40 p.m.) CANBERRA, This Day. A’feill to establish a mortgage bank department of the Commonwealth Bank passed all its stages in the House of Representatives, after a Government amendment that loans should not exceed 70 per cent of the security had been* agreed to. The Bill, which is intended for the assistance of promary producers, provides no interest maximpm. The* Federal Treasurer, Mr Chifley, said fluctuating interest rates prevented the fixation of a maximum.
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https://paperspast.natlib.govt.nz/newspapers/WAITA19430311.2.40
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Wairarapa Times-Age, 11 March 1943, Page 4
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90MORTGAGE BANK Wairarapa Times-Age, 11 March 1943, Page 4
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