A BILL............MONEY-LENDING 283
evidence in any suit or proceedings unless they are kept in conformity with these rules.
Fourthly- the bill contains provisions regarding suits between a money-lender and a borrower. It lays down :–
(i) that such suit shall not be triable by the Small Causes Court unless it is in respect of a single transaction;
(ii) that the court may re-open certain transactions if the interest is excessive or if the transaction is unconsciousnable;
(iii) that interest shall be deemed to be excessive if it exceeds a certain level fixed in relation to the Bank rate;
(iv) that accounts between a money-lender and a borrower shall be taken in accordance with certain rules which are embodied in the D. A. R. Act;
(v) that in the execution of a decree against a borrower the court may grant instalments and sell only such amount of property of the borrower as may be sufficient, satisfaction of the decree.
Fifthly- The bill makes void any contract for payment of the loan by the borrower outside the Province the object being to prevent a money-lender from defeating the provisions of this Act.
B. R. Ambedkar
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Reprinted from a booklet printed at Shree Laxmi Narayan Press, 364. Thakurdwar, Bombay.