BETTING DEBTS.
AN AMAZING POSITION. (Some consternation has been caused in betting circles in England by a decision of the House of Lords, which lays it down that money paid by cheque in respect of betting transactions is legally recoverable by the loser. The decision is based on the British Gaming Act of 1835. The Law Lords were agreed that this Act and earlier statutes, applied to dheques paid in settlement of betting losses, and that such cheques, being given for an illegal consideration, were null and void. Anyone in the United Kingdom who has paid his betting debts by cheque within the past six years is thus entitled to recover the money. It may, indeed, bo. said that executors, trustees, and administrators in bankruptcy are bound to sue for the return of the moneys paid by cheque for gaming losses by the persons for whose estates they are responsible. Immediately on the publication of the decision demands were served on bookmakers for a return of very large sums. Tn one case alone the figure was in the region of £50,000.
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Taranaki Daily News, 5 January 1922, Page 5
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181BETTING DEBTS. Taranaki Daily News, 5 January 1922, Page 5
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