BRITISH PARLIAMENT.
tAustralian & X.Z. Cable Association.] LONDON. March 5. Iu the House of Commons, .Mr. ,1. B. Barman (Conservative) moved the second reading of a Mouylenclors’ Bill which is substantially the same ns when it. reached the Committee stage last year. It provides for the licensing, circularising, and making loans to wives without their husband’s knowledge. It lays down forty-eight per cent, as a reasonable interest. Commander Kenworthy (Labour) moved the rejection of the Bill, contending the hill did not remove tho abuses of usury. On the one band there were impoverished noblemen and gilded sharks with long pedgrees and armorial bearings who borrowed bugli sums from the West End money-lenders, well knowing that repayment was impassible. On the other hand, there were
the unregistered lenders, who lent poor women a shilling on two- shillings weekly. and charged a penny on a shilling weekly working out at four hundred per cent, interest. The Bill was passed through the second reading without a division.
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Hokitika Guardian, 7 March 1927, Page 2
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163BRITISH PARLIAMENT. Hokitika Guardian, 7 March 1927, Page 2
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