Committee Reports > List of Committees > Dáil > 1932 > Special Committee on Moneylenders Bill, 1932 > Report - Moneylenders Bill, 1929 together with the proceedings of the Special Committee

IMEACHTA AN CHOISTE SPEISIALTA.

PROCEEDINGS OF THE SPECIAL COMMITTEE.

Dé Máirt, 6 Mí na Nodlag, 1932.

Tuesday, 6 December, 1932.

1. Do chruinnigh an Coiste ar 4.45 p.m.

2. I láthair:—Geaspar de Bhulbh (i gCeannas), Riobárd Brioscú, Eamonn O Cuanaigh, Peadar S. Ua Dubhghaill, Mícheál O Cinnéide, Pádraic Ua Caoilte agus an tAire Dlí agus Cirt.

3. D’ath-chrom an Coiste ar an mBille do bhreithniú.

(i) Alt 12.

Ceist:—“Go bhfanfaidh an t-alt mar chuid den Bhille”—curtha, agus diúlta.

(ii) Alt nua.

Leasú tairgthe (Eamonn O Cuanaigh):

“Before Section 13, to insert a new section as follows:—

‘(1) Subject as hereinafter provided, where, in any proceedings in respect of any money lent by a moneylender after the Commencement of this Act or in respect of any agreement or security made or taken after the Commencement of this Act in respect of money lent either before or after the Commencement of this Act, it is found that the interest charged exceeds the rate of thirty-nine per cent. per annum, or the corresponding rate in respect of any other period, the Court shall, unless the contrary is proved, presume for the purposes of section one of the Moneylenders Act, 1900, that the interest charged is excessive and that the transaction is harsh and unconscionable, but this provision shall be without prejudice to the powers of the Court under that section where the Court is satisfied that the interest charged, although not exceeding thirty-nine per cent. per annum is excessive.

‘(2) Notwithstanding anything to the contrary in this section or in sub-section (1) of section one of the Moneylenders Act, 1900, contained where it is found that the interest charged exceeds thirty-nine per cent. per annum, or the corresponding rate in respect of any other period, in respect of an actual sum lent less than £100, the Court shall relieve the person sued from payment of any sum in excess of the actual sum lent, and if any such excess has been paid, or allowed in account, by the debtor, shall order the creditor to repay it; and may set aside, either wholly or in part, or revise, or alter, any security given or agreement made in respect of money lent by the moneylender, and if the moneylender has parted with the security, may order him to indemnify the borrower or other person sued.

‘(3) Where a Court re-opens a transaction of a moneylender under the said section one of the Moneylenders Act, 1900, as amended by this Act, the Court may require the moneylender to produce any certificate granted to him in accordance with the provisions of this Act, and may cause such particulars as the Court thinks desirable to be endorsed on any such certificate, and a copy of the particulars to be sent to the authority by whom the certificate was granted.’”

Leasú tairgthe don leasú tairgthe (Pádraic Ua Caoilte):

“In sub-section (1) of the proposed new section to delete the words ‘unless the contrary is proved.’”

Ceist curtha; do rinne an Coiste vótáil: Tá, 3; Níl, 4.

Tá:—Riobárd Brioscú, Mícheál O Cinnéide agus Pádraic Ua Caoilte.

Níl:—Eamonn O Cuanaigh, Peadar S. Ua Dubhghaill, Geaspar de Bhulbh agus an tAire Dlí agus Cirt.

Do faisnéiseadh go rabhthas tar éis diúlta don cheist.

Ceist:—“Go gcuirtear an t-alt nua isteach annsan”—curtha, agus aontuithe.

(iii) Alt 13 aontuithe.

(iv) Alt 14.

Leasú tairgthe (Pádraic Ua Caoilte).

“In sub-section (1), paragraph (a, in lines 32 and 39, to delete the words ‘twelve months’ and substitute the words ‘three years.’”

Ceist curtha, agus aontuithe.

Alt 14, mar do leasuíodh, aontuithe.

(v) Alt 15.

Ceist:—“Go bhfanfaidh an t-alt mar chuid den Bhille”—curtha, agus diúlta.

(vi) Alt 16.

Leasú tairgthe (Pádraic Ua Caoilte):

“To delete all the words after the word ‘person,’ in line 59, down to and including the word ‘elsewhere,’ in line 61, and substitute the words ‘shall carry on business as a moneylender.’”

Ceist curtha, agus aontuithe.

Alt 16, mar do leasuíodh é, aontuithe.

(vii) Alt 17.

Leasú tairgthe (Pádraic Ua Caoilte):

“In sub-section (1), line 23, to delete the words and figures ‘the Bankruptcy Acts, 1883-1914, and substitute the following words and figures ‘the Irish Bankrupt and Insolvent Act, 1857, and the Bankruptcy (Ireland) Amendment Act, 1872.’”

Ceist curtha, agus aontuithe.

Leasú tairgthe (Pádraic Ua Caoilte):

“In sub-section (2), in lines 27 and 28, to delete the words and brackets ‘(other than simple interest charged in accordance with the proviso to Section 8 of this Act).’”

Ceist curtha, agus aontuithe.

Alt 17, mar do leasuíodh, aontuithe.

(viii) Ailt 18 agus 19 aontuithe.

(ix) Alt 20.

Ceist:—“Go bhfanfaidh an t-alt mar chuid den Bhille”—curtha, agus diúlta.

(x) Alt 21.

Leasú tairgthe (Eamonn O Cuanaigh):

“In sub-section (4), in line 8 to delete the word and figures ‘April, 1932,’ and substitute the word and figures ‘October, 1933.’”

Ceist curtha, agus aontuithe.

Leasú tairgthe (Eamonn O Cuanaigh):

“In sub-section (4), paragraph (a), in line 13, to delete the word and figures ‘March, 1932’ and substitute the word and figures ‘September, 1933.’”

Ceist curtha, agus aontuithe.

Alt 21, mar do leasuíodh, aontuithe.

(xi) Céad Sceideal aontuithe.

(xii) Dara Sceideal.

Leasú tairgthe (Eamonn O Cuanaigh):

“In column 3, to delete the words ‘Section one.’”

Ceist curtha, agus aontuithe.

Dara Sceideal, mar do leasuíodh, aontuithe.

(xiii) Teideal aontuithe.

4. Dréacht-Tuarasgabháil, a chuir an Cathaoirleach (Geaspar de Bhulbh) fé bhráid an Choiste, léighte den chéad uair agus den dara huair, agus rithte mar leanas:—

The Special Committee has gone through the Bill and has made amendments thereunto. The Bill, as amended, is reported to the Dáil.

Orduithe: a thuairisciú dá réir sin.

5. Do chuir an Coiste deire le n-a ghnó ar 5.45 p.m.