An Expensive Morning for a Sikh Financier A pile of promissory notes signed by Chinese borrowers and held by Sikhs was a feature of some interest in money lending cases heard by his Honour Judge Grain on Monday.
In the first case, Gopal Singh sued Saddoo Singh for $160 money lent, with interest at the rate of 2 per cent. per month.
Defendant, himself a money lender, said he received $100 and was willing to pay it back.
His Honour—If you received $100, why did you sign for $166?"
Defendant—That included a year's interest. The money was handed to me by a Sikh policeman to invest for him; members of the Police force not being allowed to go in for money lending.
Fadgment for the amount claimed, with interest and costs.
Judgment against the same defendant was given in favour of Margal Singh, who claimed $100 lent at the same rate of interest.
Defendant said he had paid $18 interest, but had no receipts.
His Honour—You had better form the habit of obtaining receipts for your money, and tell your friends to do the same.
"Still Saddoo," his Honour exclaimed, when debtor's name was called in a third case. "This is going to be an expensive morning fdr you."
In this case Mahan Singh claimed $330 on a promissory note, giving in support of his claim practically the same evidence as in the previous cases, viz., that defendant refused to
Text read from the printed page and cleaned; old type leaves the occasional error.