234
No. 5 of 1886.
USURY.
Rate of interest where no agreement, etc.
3. Where interest is payable on any contract, express or implied, 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 eight per cent. per annum: Provided 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.
c. 90, s. 2.
Saving as to pawnbrokers.
4. Nothing in this Ordinance shall be taken to affect or repeal any Ordinance relating to pawnbrokers.
c. 90, s. 3.
[cf. No. 16 of 1930.]
Repeal of English Acts.
5. The Acts and parts of Acts repealed by the Act 17 and 18 Victoria, chapter 90, shall have no force in this Colony.
No. 6 of 1886, repealed by No. 8 of 1912.
[Originally No. 12 of 1886. Law Rev. Ord., 1937.]
No. 7 of 1886.
An Ordinance to consolidate and amend the law for preventing frauds upon creditors by secret bills of sale of personal chattels.
[12th July, 1886.]
Short title.
1. This Ordinance may be cited as the Bills of Sale Ordinance, 1886.
Interpretation.
2. In this Ordinance,
(a) "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
234
No. 5 of 1886.
USURY.
Rate of interest
where no agreement,
etc.
3. Where interest is payable on any contract, express or implied, 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 17 & 18 Vict. rule of law, the rate thereof shall not exceed eight dollars per cent. per annum: Provided 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.
c- 90, s. 2.
Saving as to
pawnbrokers.
4. Nothing in this Ordinance shall be taken to affect or 17 & 18 Vict. repeal any Ordinance relating to pawnbrokers.
c. 90, s. 3.
[cf. No. 16
of 1930.]
Repeal of English Acts.
5. The Acts and parts of Acts repealed by the Act 17 and 18 Victoria, chapter 90, shall have no force in this Colony.
No. 6 of 1886, repealed by No. 8 of 1912.
[Originally
No. 12 of 1886.
Law Rev. Ord., 1937.]
No. 7 of 1886.
An Ordinance to consolidate and amend the law for preventing frauds upon creditors by secret bills of sale of personal chattels.
[12th July, 1886.]
Short title.
Interpreta- tion.
41 & 42 Vict. c. 31, s. 4.
1. This Ordinance may be cited as the Bills of Sale Ordin- ance, 1886.
2. In this Ordinance,
(a)" 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
No comments yet.
Private notes are available after approval.