22 Jan 1934 Jahr - Mortgage Corporation - created

Beschreibung:

Mortgage Corporation of New Zealand was established by Statute, with a subscribed capital of £1,000,000, of which half was held by the State and half subscribed by private investors in small sums. The Corporation, which had extensive borrowing powers, commenced to function in July, 1935, and, in accordance with the provisions of the Statute, progressively took over almost the whole of the mortgages held by the State Advances Office, and the Discharged Soldiers' Settlement mortgages held by the Lands and Survey Department.

Source: http://nzetc.victoria.ac.nz/tm/scholarly/tei-GovCour-t1-body-d5-d23.html