USURY.
LARGE LOANS TO YOUNG
MEN.
Christchurch, June 16
The practice of lending young men large sums of money was commented upon by Mr H. W. Bishop, S.M., this morning. The case was a judgment summons action, in which defendant, a young man of about 25 years of age, owed money on a promissory note held by a money-lender. The debtor denied that he followed racing, and that he was addicted to drink, and, in answering a further question, said that his previous employer had suspended him “ simply because of a difference.*'
In deciding not to make an order, Mr Bishop said that large sums of money should not be lent to irresponsible young men. It induced them to go to races, and to take to drink. Though he did not say that this had occurred in the present case.
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Manawatu Herald, Volume XXXV, Issue 1111, 19 June 1913, Page 2
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140USURY. Manawatu Herald, Volume XXXV, Issue 1111, 19 June 1913, Page 2
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