Bankruptcy Without Stigma

Having dismissed the subject of the Mortgage Corporation, the Professor quoted lengthy extracts from the Rural Mortgagors' Final Adjustment Act, the purpose of which is to keep reasonably efficient their liabilities and encouraging the mortgagees to make "voluntary" concessions. The general impression gained was that for the sake of example a mortgagee or so would be mulcted "pour encourager les autres," Shortly, the Act would furnish the farmer with all the advantages of a nice, quiet, five-year-long bankruptcy without any of the stigma or disadvantages thereof.

There followed a barrage of questions which the Professor, with that skill born of Parliamentary experience, successfully parried or refused to answer.

The meeting closed with a very hearty vote of thanks and sincere private thanksgiving on the part of those in the audience who were neither mortgagors nor mortgagees.

Printed by Geo, W. Slade Ltd., 11 Walter Street, Wellington, for the publishers, Mercantile Newspapers Ltd. Hamilton Chambers, Lambton Quay, Wellington.