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Wednesday, 23 November 1927

Senator Sir WILLIAM GLASGOW (Queensland) (Minister for Defence) (10.34]. - I remind the honorable senator that besides the mortgagee, the mortgagor will have an equity in any dwellinghouse or building erected or purchased under the provisions of this bill. The mortgagee would not allow any person who had received an advance to vacate a property, unless he discharged the mortgage; and the mortgagor, for his part, would not risk losing his interest in a property by neglecting it.

Clause agreed to.

Preamble and title agreed to.

Bill reported with amendments; report adopted.

Bill read a third time.

Senate adjourned 10.37 p.m.

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