IMPORTANT DECISION
COMPANY AS MONEYLENDER (Per Press Association.) NEW PLYMOUTH, this day. Tho question of whether a New Plymouth finance company had by its course of business during three years when it was not registered under the Moneylenders Act brought itself within tho definition of a moneylender under the Act, lias been decided by Air. Justice Reed in a Supreme Court action, reserved judgment being given to-day. The plaintiff, Edward Drake Ansford, a farmer, of 1 Omata, alleged that the defeudnts had been carrying on business as unregistered moneylenders at a time when lie executed certain securities for advances made, and on that ground lie sought to have the securities declared void. Judgment, is in favor of the plaintiff, who is given the order prayed for.
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Bibliographic details
Poverty Bay Herald, Volume LIX, Issue 17957, 8 December 1932, Page 11
Word Count
126IMPORTANT DECISION Poverty Bay Herald, Volume LIX, Issue 17957, 8 December 1932, Page 11
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