RATE OF INTEREST.
"There is at least one Shy lock; who. i| lending money to poor people on their furniture," said. Mr G. Mitchell (Wellington: South) in the House of Representatives yesterday. He proceeded, to give an example of a woman who borrowed £30 on' her furniture, and had now paid £20 5s 6d, but still owed £33. This, he said, was not an isolated cape, and in his opinion euch practices should be stopped. He asked if the Minister of Justice would see if the.-lender were within.the four corners of the' law in, chargirig such a high rate; of. inieresti and if he'were witibin the law, would the Minister take, steps to have the laW amended. ' V."' ■• ■.■ '•'••■.' •",:■■■■','
The Minister of Justice (the Hon. K. P. Lee) said he could not give an answef at oncq, but if particulars were supplied to him. he would have;the matter looked intoj ' ' .., : ; ■
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Bibliographic details
Evening Post, Volume CIV, Issue 49, 26 August 1922, Page 7
Word Count
149RATE OF INTEREST. Evening Post, Volume CIV, Issue 49, 26 August 1922, Page 7
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