1200 PER CENT.!
MONEY-LENDERS’ CHARGE
HOBART, Nov. 18.—Tbe House, of Assembly lias passed a bill to make tho imposition by money-lenders of excessive rates of'interest a criminal offence. The rate is limited to 100 per cent., and lenders charging more will render tlicmsolves liable to imprisonment kn 12 months, or a fin a of £l9O.
The Attorney-General said one or two firms in Hobart bad bedn charging their unfortunte victims as much as 1100 and 1200 per cent, for loans.
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Bibliographic details
Poverty Bay Herald, Volume LI, Issue 16895, 27 November 1925, Page 11
Word Count
801200 PER CENT.! Poverty Bay Herald, Volume LI, Issue 16895, 27 November 1925, Page 11
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