Vehicle H.P. problem
(N.Z. Press Association} HAMILTON. Carriers have joined the i growing number of organisations calling on the GovernI ment to close loopholes in ! motor vehicle repossession laws. The issue was raised in Nelson at the national conference of the Carriers’ Association. The Waikato Road Transport Association’s delegate (Mr S. Fransham) showed the conference a report of how a Cambridge carrier who paid ca»sh for a truck, lost the vehicle to a finance company. The truck was bought in good faith but was under a hi r e-purchase agreement which the vendor did not disclose. The two-man, twotruck business is now in jeopardy. The conference resolved to take the issue to the Government through its national council. It called for a system of recording registered charges against a vehicle on its registration papers.
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Bibliographic details
Press, Volume CXIV, Issue 33650, 27 September 1974, Page 16
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134Vehicle H.P. problem Press, Volume CXIV, Issue 33650, 27 September 1974, Page 16
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