MORTGAGES UNDER THE RENT RESTRICTION ACT. [To the Editor of
the SrEe.r.vron.] SIR,—The newspapers expose many grievances on the part of owners under the Rent Restriction Act, but owners are not the only sufferers. Under the Act any mortgage comprising a house of the annual value of £105 in London, or of £78 in the country, cannot be called in while the interest is paid. Hundreds of such mortgages were held by trustees throughout England when the IVar ended, and since that time many settlement funds have become finally distributable owing to the death of the tenants for life, generally the parents of the beneficiaries, but where the Act applies the funds cannot be distributed nor the trust estate wound up. This causes monstrous hardship to the beneficiaries and an unwelcome extension of the trustees' responsibilities without any public advantage, and the sections of the Act. bearing on this point should not, it is submitted, be extended beyond June next.
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