✨ Regulation under Mortgages Extension Act
Regulation under the Mortgages Extension Act, 1914.
LIVERPOOL, Governor-General.
By his Deputy,
ROBERT STOUT.
ORDER IN COUNCIL.
At the Government House at Wellington, this sixteenth
day of July, 1919.
Present:
HIS EXCELLENCE THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS by section three of the Mortgages Extension
Act, 1914, it is enacted that so long as a state of war
exists in New Zealand, and for such period as may be prescribed
by regulations thereunder, not exceeding six months after a
state of war has ceased to exist, it shall not be lawful for a
mortgagee without the leave of the Supreme Court to do any
of the following acts, that is to say:—
(a.) To call up or demand payment from any mortgagor
of the principal sum or any part of the principal
sum secured by any mortgage:
(b.) To exercise any power of sale or entry into possession
conferred by any mortgage or by statute:
(c.) To commence any action or proceeding for breach of
any covenant, agreement, or condition, expressed or
implied, in any mortgage other than a covenant,
agreement, or condition for the payment of interest:
(d.) To commence any action or proceeding for any rate of
interest higher than the reduced rate (if any) provided in the mortgage in the case of punctual payment:
And whereas it is advisable to make regulations prescribing
the said period accordingly:
Now, therefore, His Excellency the Governor-General of
the Dominion of New Zealand, in pursuance and exercise of
the powers conferred on him by section eleven of the Mortgages Extension Act, 1914, and acting by and with the advice
and consent of the Executive Council of that Dominion, doth
hereby make the regulation set forth in the Schedule hereto.
SCHEDULE.
The prescribed period referred to in section 3 of the Mortgages Extension Act, 1914, shall be the period (if any) elapsing
between the termination of a state of war in New Zealand and
the 31st August, 1919 (being the date of the expiry of the
said Act as fixed by the Expiring Laws Continuance Act, 1918).
F. W. FURBY,
Acting Clerk of the Executive Council.
By Authority : MARCUS F. MARKS, Government Printer, Wellington.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 1919, No 87
NZLII —
NZ Gazette 1919, No 87
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🏛️ Regulation under the Mortgages Extension Act, 1914
🏛️ Governance & Central Administration16 July 1919
Mortgages, War, Regulations, Supreme Court, Executive Council
- Liverpool, Governor-General
- Robert Stout, Deputy
- F. W. Furby, Acting Clerk of the Executive Council