Show jILL Dill In INTEREST RATE RAn RAnI I Is CONSIDERED Small Loan Concerns Are Brought t Under Rule of State EVASION I IS BLOCKED Final Action Is Taken on Nine Measures Persons or individuals Individual conductIng conduct conduct- lag Ing a business in small loans are areto to be brought under supervision of I the state banking department Saturday Sat Sat- urda by amendment to the Callister Callister Cal Cal- lister bill Xo No HI specifying maxImum max max- Interest rates to be charged for fOI such loans By Bv the same amendment the small loan makers are also prohibited prohibited pro pro- from obtaining a pawnbrokers pawnbroker's pawn pawn- brokers broker's license from any municipality municipality in the state In offering the amendments to his own measure at the suggestion of Senator Patterson Senator Callister Callister Cal Cal- lister explained that many abuses ot of the Interest rate privilege of small loan companies had arisen through their ability to obtain local pawnbrokers pawnbrokers' licenses which permitted permitted per per- them to exceed the maximum maximum maxi maxi- mum charge of 3 per cent per month allowed by statute for their class of business The amendment amendment amend amend- ment therefore bringing the small loan concerns under supervision of the state banking department blocks evasion under municipal license SPECIFIES RATES The amendment also specifies that loans of 30 a and d less less' shall I bear Interest not to exceed 5 per cent per month and on loans of more than 30 and not exceeding ex- ex 3 per cent per month The Saturday morning session was th first to be be held under tIre the swa sway of the calendar committees committee's program and the movement was fast a majority of the measures being given final passage under suspension of the rules and transmitted transmitted trans trans- to the house All Al da day sessions sessions ses- ses and perhaps perhaps- nIght sittings will be the rule until the close of J the e A. A made for a night session S tur day but was not pt to a vote on objection of Senator J. J W. W Peters chairman of oC the joInt appropriations appropriations ap- ap committee which has arranged sittings Saturday night antI and Sunday WITHDRAWS BILL Senator C C. C R. R Hollingsworth Saturday Saturday Sat Sat- morning withdrew his bill affecting conditional sales which has been consIdered one of the most Important measures before the legislature this session It was a n calculated to enact a uniform law on such sales and andone andone one of its princIpal protective features features fea- fea tures was to permit purchasers to retain an equity in purchases until final payment and allowing an additional redemption period of thirty days Bills Saturday morning under suspension of the rules were S. S B. B Peters amending the tax law S. S B. B Peters providing for accePtance of oC the Purnell act funds approprIated by congress for agricultural experiment ex- ex work S. S B. B 65 Marsden Mareden relating to tax rates for small counties S. S n. n HI Callister relating relating re- re lating to Interest on small loans I S. S B. B Hollingsworth relating I to absentee voting In city elec- elec I S. S B. B Finlinson accepting ac- ac title to the old state house at Fillmore S. S B. B Gardner procedure on re of mechanics mechanics' me- me liens S. S B. B Hollingsworth Hollings- Hollings worth refund of taxes paid under protest S. S B B. B 96 GrIffin eradication eradication tion of noxious weeds In cities of second class |