| Jurisdiction | UK Non-devolved |
| Citation | 1854 c. 90,17 & 18 Vict. c. 90 |
| Year | 1854 |
Anno Regni VICTORI, Britanniarum Regin,Decimo Septimo & Decimo Octavo.
An Act to repeal the Laws relating to Usury and to the Enrolment of Annuities.
(17 & 18 Vict.) C A P. XC.
[10th August 1854]
'WHEREAS it is expedient to repeal the Laws at present in force relating to Usury:' Be it enacted by the Queen's most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, as follows:
S-I
Acts, &c. named in Schedule repealed.I Acts, &c. named in Schedule repealed.
I. The several Acts and Parts of Acts made in the Parliaments ofEngland and Scotland, Great Britain and Ireland , mentioned in the Schedule hereto, and all existing Laws against Usury, shall be repealed.
S-II
Transactions previous to this Act not to be affected.II Transactions previous to this Act not to be affected.
II. Provided always, That nothing herein contained shall prejudice or affect the Rights or Remedies of any Person, or diminish or alter the Liabilities of any Person, in respect of any Act done previously to the passing of this Act.
S-III
Legal or current Rate of Interest.III Legal or current Rate of Interest.
III. Where Interest is now payable upon any Contract, express or implied, for Payment of the legal or current Rate of Interest, or where upon any Debt or Sum of Money Interest is now payable by any Rule of Law, the same Rate of Interest shall be recoverable as if this Act had not been passed.
S-IV
Not to affect the Law as to Pawnbrokers.IV Not to affect the Law as to Pawnbrokers.
IV. Provided always, That nothing herein contained shall extend or be construed to extend to repeal or affect any Statute relating to Pawnbrokers, but that all Laws touching and concerning Pawnbrokers shall remain in full Force and Effect, to all Intents and Purposes whatsoever, as if this Act had not been passed.
SCHEDULE referred to by the foregoing Act.
Acts and Parts of Acts of the Parliaments of England, Great Britain, and the United Kingdom ofGreat Britain and Ireland.
37 Hen. 8. c. 9. |
The whole of an Act passed in the Thirty-seventh Year of the Reign of King Henry the Eighth, intituled ‘A Bill against Usury.’ |
13 Eliz. c. 8. |
The whole of an Act passed in the Thirteenth Year of the Reign of Queen Elizabeth, intituled ‘An Act against Usury.’ |
21 Jac. 1. c. 17. made perpetual by 3 Car. 1. c. 4. s. 5. |
So much of an Act passed in the Third Year of the Reign of King Charles... |
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