HC Deb 11 June 1896 vol 41 c839

I beg to ask the Lord Advocate (1), whether his attention has been called to the operations of a money lender in Birmingham, who, under an assumed Scotch name, and with an office in Scotland, induces unwary persons needing money to give promissory notes for much larger sums than he advances, while stipulating for 25 per cent. interest on the full amount; and (2), whether the Law sanctions usurious operations of this kind; and, if so, whether any amendment of the Law is contemplated?


I am aware that certain cases of the nature referred to in the first part of the hon. Member's Question have recently occurred. In reply to the second part, I would refer him to the answer given by my predecessor on the 16th of April to a Question asked by the hon. Member for the Kilmarnock Burghs, and also to the answer given by the First Lord of the Treasury last Monday in reply to a Question asked by the hon. Member for Chester.