Show LOAN SHARKS FACE EFFECTIVE CONTROL CONTRO I LONDON LONDO-l April tA ll-tA Money Q 11 W Monty Moneylenders i lenders lenden who have hitherto charged interest ranging from 5 up to sev- sev several eral I eral era hundred per cent are In for fora fora fora a considerable reduction In their gains If It a bill Introduced Into the i house of ot lords by Lord Carson Carlon be- be becomes be becomes comes cornu law This proposes that the rate ot of interest charged shall Iball not exceed 15 per pH cent unless the lende lender proves a higher charge Is not excessive and that the transaction was wal In all circumstances beneficial to the bor- bor borrower bor borrower I rower ver On loans not exceeding Interest Is not to be more than 10 per cent per annum All loan documents must specify the amount actually advanced and the interest charged |