MONEY-LENDERS’ WILES

Hokitika Guardian, 14 October 1924, Page 3

MONEY-LENDERS’ WILES

LONDON, August 2. .Moneylenders have begun a new campaign for securing victims. Their agents all over the country note the erection of new houses, obtain the names of the owner-occupiers, and then knowing the heavy expenses consequent upon building a house, humhard the owners with circulars offering money. A reader writing from a Middlesex area says: 1 have just built a house on an estate here, and for the last four months have been bombarded with letters from money-lenders. I find that every person who has built a house on this estate—some 20 in number—lias been similarly treated. The latest effort is from, a notorious firm who, like Satan relinking sin, call attention’ to their willingness to advance money on property, expectations, or any other ‘‘legal document,” and say “ 4.J per cent, net per annum is ample interest to he paid if an advance is arranged.” They conclude: *• AYe can arrange at even as short notice as a single day for loans from £.*.50 to C 10,000, where no security can 1,0 furnished, on simple note of hand promising to nay.” Other money-lenders are also eireularising hank employees on an extensive scale.