BORROWED MONEY.
i PRIVATE LEADERS' TERMS. (By Telegraph—Special to "fatar.") AVELLIXGTOX, this day Surveying registrations of instruments under the Chattels Transfer Act. the "Mercantile Gazette" gives some particulars of rates of interest paid by borrowers for loans of comparatively small amounts. The farmers appear to be paying from 5 per cent to the State and 8 per cent as a general rule, but there lire cases of as high as 10 per cent, and even 15 per cent. To a farmers' co-operative association a settler is paying 0 per cent on live stocK and chattels. Billiard saloon keepers and taxi proprietors appear to pay round about 10 per cent for their accommodation, but private owners 7 per cent to 8 per cent, secured on their cars. A woodworker is paying 12$ per cent, secured on machinery, for a loan of under £50. For loans made on security of household furniture and utensils and musical instruments the rate appears to be from Si per cent to j S per cent.
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Auckland Star, Volume LIV, Issue 124, 26 May 1923, Page 12
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169BORROWED MONEY. Auckland Star, Volume LIV, Issue 124, 26 May 1923, Page 12
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