An Act for establishing the Rate of Interest.

  • Province
    Nova Scotia (1758-1825**)
  • Chapter
    10 George III Chapter 5
  • Year
    1770
  • Concepts
    Financial Regulation
  • Jurisdictional Relevance
    Provincial/Provinciale
  • Number of Articles
    3
  • Description
    This Act restricts the rate of interest that can be charged for loans to be not above six pounds for the forbearing of one hundred pounds per year, and outlines penalties for persons who charge more. Agreements made before this Act are to be considered lawful.
  • Source
    Not available