HIRE PURCHASE BILL
AMENDMENTS TO TERMS
REVISION BY COMMITTEE
(Per Press Association.) WELLINGTON, this day
Amendments have been made to the Hire Purchase Agreements Bill toy the Statutes Revision Committee of the House of Representatives. Its report on the bill was presented in the House of Representatives yesterday by the chairman of committees, Mr. F. W. Schramm, who gave an explanation of the alterations. The definition of the term
“guarantor” in the original bill had been restricted by the committee so as to exclude any person engaged at the time of the giving of the guarantee in the trade or the business of selling goods of the same nature or description as those referred to in the hire purchase agreement.
A consequential amendment of a similar nature is made to the definition of a “hire purchase agreement". A new clause had been added to the bill whereby any person who sells or removes goods subject to a hire purchase agreement or by any other means attempts to defraud the vendor. shall be liable, on summary conviction, to a fine of £SO or imprisonment for three months. The report was l adopted.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20030, 31 August 1939, Page 15
Word Count
191HIRE PURCHASE BILL Gisborne Herald, Volume LXVI, Issue 20030, 31 August 1939, Page 15
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