MONEY-LENDER FINED
PENSION CERTIFICATES AS SECURITY (P.A.) GISBORNE. May 12. Stated to be the first case of the kind in the district, if not in the Dominion, a money-lender, Samuel Dudley, was to-day fined 10s and ordered to pay costs on each of six charges of accepting pensioner and social security benefit certificates as securities for loans. The police pointed out that the certificates bore an inscription that it was an offence for them to be held as security. For the defendant Mr Burnard said Dudley had acted in ignorance that a pension certificate did not constitute legal security, and the certificates had been held for the convenience of pensioners, _as well as himself, because if they had been mislaid payment would have been delayed.
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Press, Volume LXXIX, Issue 23946, 13 May 1943, Page 3
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125MONEY-LENDER FINED Press, Volume LXXIX, Issue 23946, 13 May 1943, Page 3
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