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Waikato Times, Volume XXXVII, Issue 2964, 14 July 1891, Page 2

" Put your money out on mortgage, tho hind cauuot run away," was the standing advice of tho old family solicitor. Where is that old family solicitor now, and what will ho say for real ostato as a security ? In an action brought before Baron Pollock at the Suffolk assizo, it appeared that in 1872 a sum of £2000 was advanced on tho .security of a farm of 128 acres by trustees for tho benefit of a widow and children. A second mortgage of £1000 was afterwards effected on the same property, and the security may well havo boon considered ample, for tho borrowor had bought it only just bofore for £.5000 in hard cash. Time*, however, havo changed since then ; tho land was lately put up to auction aud so feoblo was tho bidding that it if as finally bought in for £1200, or considerably loss than one half of the sum raised upon it. Possibly thoro are people in Now Zealand who may think the foregoing oxporienco not singular ; at any rate, it will not be so in tho near future if the burstiug up process is carried out, as sojio peoplo aro inclined to predict.