USURY.
No. 5 of 1886.
341
terest where no agree-
ment, etc.
17 & 18 Vict.
c. 90 s. 2.]
3. Where interest is payable on any contract, express or implied, Rate of in- or on any debt or sum of money, but the rate of such interest is not fixed by the contract, or by the parties, or by rule of law, the rate thereof shall not exceed 8 per cent. per annum : Pro- vided always that it shall be lawful for any Court in awarding interest in any action, suit, or matter, to allow a lower rate of interest, if the circumstances of the case render it just and expedient.
*
Saving as to pawnbrokers. [ib. s. 3.]
4. Nothing in this Ordinance shall be taken to affect or repeal any Ordinance relating to pawnbrokers.
No. 6 of 1886,-repealed by No. 8 of 1912.
No. 7 of 1886.
To consolidate and amend the law for preventing Frauds upon Creditors by secret Bills of Sale of personal chattels.
1. The Bills of Sale Ordinance, 1886.
[12th July, 1886.]
Short title.
Interpreta-
tion of terms.
2. In this Ordinance,- "Bill of sale" includes bills of sale, assignments, transfers, declarations of trust without transfer, inventories of goods with receipt thereto attached, or receipts for purchase moneys of goods, and other assurances of personal chattels, and also powers of attorney, authorities, or licences to take possession of personal chattels as security for any debt, and also any agreement, whether intended or not to be followed by the execution of any other instrument, by which a right in equity to any personal chattels, or to any charge or security thereon, is conferred, but does not include the following documents: that is to say, assignments for the benefit of the creditors of the person making or giving the same, marriage settlements, transfers or assignments of any ship or vessel or any share thereof, transfers of goods in the ordinary course of business.
* As amended by No. 63 of 1911.
As amended by No. 62 of 1911 and No. 63 of 1911.
As amended by No. 50 of 1911 and No. 62 of 1911.