CURBING THE USURER.
A BRITISH BILL. GOVERNMENT PROMISES SUPPORT cAur.trnitnn rm<l N Z. Assn.i (Received April 2i, 12.15 p.m.)' LONDON, April 23. An undertaking that the Government will do its utmost to secure the passage of a Hill lo protect, the public against money-lenders was given by Sir W. Joynson Hicks, Secretary of State for Home Affairs, in the House of Commons, and the Bill was read a second time without division, after some objection had been voiced regarding its provisions. The mover, Major A. G. C. Glyn, Conservative member for Abingdon, said the Bill laid it down that moneylenders must take out an annual license at £ls: no money-landers' circulars or advertisements shall bo sent lo anybody except at the hitter's written request; newspaper advertising shall be prohibited beyond the statement of the money-lender's real name and registered address; all eontracts shall be in writing, a copy of which shall be furnished lo the borrower, and interest generally shall not exceed 48 per cent., per auum.
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Bibliographic details
Waikato Times, Volume 100, Issue 16780, 24 April 1926, Page 7
Word Count
167CURBING THE USURER. Waikato Times, Volume 100, Issue 16780, 24 April 1926, Page 7
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