Mr. HUI : Sir, there have been a number
a number of reported cases in
which housewives
blackmailed
have been
prostitutes by loan sharks,
What
measures
into becoming
can Government
introduce to alleviate the
vulnerable group?
grievance of this particularly
Secretary for Security : Sir, I must say that I have not heard
of any of these cases myself and if this is what in fact is
happening, then certainly it deserves our close attention and
we will try and devise means of countering it. But to be quite
honest with you, I think the best
the best way of stopping it is for
housewives to be careful about the sort of companies from whom
they borrow money.
Mr. NGAI : Sir, I am aware that under the existing Money
Lenders Ordinance it is an offence for a money lender to charge
more than 60 per cent interest per annum and interest of more
than 48 per cent is regarded as extortionate. Does the
Government consider it necessary to tighten the law by lowering
the ceiling of these two interest rates to give greater
protection to borrowers?
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