MONEYLENDERS' METHODS.
SEED GO P.C. TO MAKE
PROFIT.
(BT CABLr.— TVtT.39 ASSOrtATXiS—OCJTKOKr.) (austballax axd y.z. casus asscciatkki.)
LONDON. .Tuaa 1?.
Surprising disclosures of the Jsetbodi of moneylenders were made before « Select Committed of Investigation.
Moneylenders declared that 60 t*t cent, was the lowest rliarge they make to ensure a reasonable proSt. Daniel William?.. High Court Receiver, said that 30 to 35 per cent, of \
receiving orders were based on the pcti* tions of moneylenders who ai-contno. dated likely 'bankrupts' and th**a petitioned, chiefly in the hope of exerting pressure for selfish ends. Many wo«l& not borrow but for the persistence of touts.
A solicitor gave evidence that toats first led a prospective client, and then, caused the lenders to compete for tfco business. Touts, dressed like peers, spent liberally, and were oftcu tha owners of cars.
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Press, Volume LXI, Issue 18413, 20 June 1925, Page 12
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136MONEYLENDERS' METHODS. Press, Volume LXI, Issue 18413, 20 June 1925, Page 12
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