MORTGAGES.
I v (To the Editor.) Sim—A newspaper clipping has been sent to me by a business con—nection with the following lines marked——~“.\lr Savage said: ‘The mortgagee who lent too much money on. land did not. know his business and ought. to get out.‘ " The statement is said to have been made when the de—bate in Parliament was being broadcast, so that probably many people in Ithis part of the Dominion heard it. And the statement may be correct; but, of course, it does not apply to the investor alone. Logically the Prlme Minister‘s remarks imply that the farmer who paid too much for his Ilatnd also did not know his business, and should get out; yet, if policy statements and reports are correct, the Government intends to adjust mortgages at the expense of the mort—gagee, and do all it can to keep the borrower on the land. Surely they are entitled to equal treatment‘2—l am. etc., C. RUSSBRIDGE. ‘ Hamilton, May 24.
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Waikato Times, Volume 119, Issue 19895, 26 May 1936, Page 11
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162MORTGAGES. Waikato Times, Volume 119, Issue 19895, 26 May 1936, Page 11
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