113 Rate Of Interest

AuthorRalph Hone
Pages#3

CHAPTER 113.

RATE OF INTEREST.

AN ACT TO REGULATE THE RATE OF INTEREST WHICH 25 of 1948.

MAY BE CHARGED ON LOANS AND FOR PURPOSES CONNECTED THEREWITH.

[17th August 1948.] 1. This Act may be cited as The Rate of Interest Short title.

Act.

  1. In this Act, unless the context otherwise Interpretation.

    requires'court' means the Supreme Court, or a magistrate's court to the extent to which it has civil jurisdiction under any Act.

  2. The rate of interest which may be charged by Rates of any person on any loan -of money made after the interest on commencement of this Act shall not directly or indirectly exceed...

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