MORATORIUM CRITICISED
APPLICATION TO FUTURE (By Telegraph.—Press Association) WELLINGTON, Thursday Criticism of the Mortgage Extension Emergency Regulations brought down this month was made by the chairman, Mr Gibbes Watson, at the annual meeting of the Wellington Investment Trustee and Agency Company. He said that on no prior occasion had legislation of this kind ever affected the future as well as past transactions. It was difficult to see what justification there could be for ever applying such legislation to future added, one would not have thought financial and economic conditions generally were so adverse as to justify a moratorium on past transactions, except in the case of soldier mortgagors, who were of course entitled to both legislative and voluntary assistance in such matters.
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Waikato Times, Volume 127, Issue 21192, 15 August 1940, Page 8
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122MORATORIUM CRITICISED Waikato Times, Volume 127, Issue 21192, 15 August 1940, Page 8
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