CO129-226 - Acting Governor Marsh - 1886 [4-5] — Page 20

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should be inapplicable to the local circumstances of the Colony or it inhabitants.

It had therefore been necessary.

to declare that the

jevere.

eseury laws of England

not in force in Colony and to fix the euaxinum m rate of interest at 12% in

the absence of contract.

Ordinance 7 of 184444 was passed

70f184

Ordinance 5 of 185 to

to that effect.

Vio. cap. 90,

to extended 17418

which was au

act for the actfor

abolition of the neury Laws of England,

This cabusion was

really not necessary,

because Ordinance, 7 0f 18444 had declared

"" that the usury lows of England did not

apply.

The object of the present

Ordinance is to make it clear what

the law ecow is ; to get rid of the

previous

Excolorure 3.

Report of the Secretary of the Law R

formission on Orliance et

REC?

C. 0.

8446

REGL 17 MAY 6

1.07 of 1886.

1. Portions of existing local 1.1.7 of 184/4/ 1.1

Ordinances re-enacted

2. Portionsofecisting local Ordiances repealed

2. V

17

70f18411; 0105

ao

of 1856/somuch relates to 17+18 V. c. 90%.

3. Amenduncuk, fancy, of ~ 3. None

existing local laws

S.

4. Portions of Imperial 44.17, 181. c. 90. 1.1.2,3.)

Statute Law incorporated

(Ligued ) Audww Jenzah

resion

Secretiny, faw Revision Comunicacion

April 2nd 1886.