GREEDY MONEYLENDERS.
MINISTER'S ADVICE: DON'T PAY
The exorbitant rates of interest charged to poor people by a cartain Wellington moneylender were recently mentioned in the House by Mr G. Mitchell (Wellington South). The member returned to the charge on Thursday, when he urged the Government to legislate for the protection of people who were being charged as much as 86 per cent for loans.
The Minister of Justice replied that in the case he had investigated the complainants had declined to avail themselves, of their legal remedy on account of the publicity that would be given to their affairs. He was afraid that little could be done for those who refused to avail themselves of the existing law. Mr Mitchell: Here is another: Borrowed £l7, paid back £l6, then they took away the goods. The Minister: Well, the answer is, don't pay.
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Bibliographic details
Waipa Post, Volume XXI, Issue 1301, 7 October 1922, Page 5
Word Count
142GREEDY MONEYLENDERS. Waipa Post, Volume XXI, Issue 1301, 7 October 1922, Page 5
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