Local Government And Taxation And Mr Goschens Report
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In our eReader you can find the full English version of the book. Read Local Government And Taxation And Mr Goschens Report Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Local Government And Taxation And Mr Goschens Report
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To quickly assess the difficulty of the text, read a short excerpt:
The policy and its additions are assigned to the company as sole security for the payment of the loan, and, in general, upon the extraordinary stipulations above noted.
This wholly unique statutory requirement invites especial attention, since on its modification or amendment in some form hinges in considerable measure the question of the practical limitation of the demands.
With no time limit for the payment of the loans they must necessarily run payable at the con- venience of the borrower un...der the present laws until the debt equals or exceeds the loan value, and they cannot, therefore, be placed as time loans on the usual commercial basis; the borrower is under no legal obligation to pay the principal or interest of his debt, and can only be called to account when the loan value is exhausted and after notice.
What other corporation is compelled by statute to loan its funds to its members on application, on specified security; in such amounts as may be 12 designated ''at the option" of the borrower; at a fixed rate of interest; with a stipulation that failure to pay the loan or interest shall not result in the collateral being applied — "avoid the policy" — until the indebtedness equals or exceeds ''the loan value", and until after one month's notice to the debtor?
What to read after Local Government And Taxation And Mr Goschens Report?
You can find similar books in the "Read Also" column, or choose other free books by Robert Dudley Baxter to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The policy and its additions are assigned to the company as sole security for the payment of the loan, and, in general, upon the extraordinary stipulations above noted.
This wholly unique statutory requirement invites especial attention, since on its modification or amendment in some form hinges in considerable measure the question of the practical limitation of the demands.
With no time limit for the payment of the loans they must necessarily run payable at the con- venience of the borrower un...der the present laws until the debt equals or exceeds the loan value, and they cannot, therefore, be placed as time loans on the usual commercial basis; the borrower is under no legal obligation to pay the principal or interest of his debt, and can only be called to account when the loan value is exhausted and after notice.
What other corporation is compelled by statute to loan its funds to its members on application, on specified security; in such amounts as may be 12 designated ''at the option" of the borrower; at a fixed rate of interest; with a stipulation that failure to pay the loan or interest shall not result in the collateral being applied — "avoid the policy" — until the indebtedness equals or exceeds ''the loan value", and until after one month's notice to the debtor?
What to read after Local Government And Taxation And Mr Goschens Report?
You can find similar books in the "Read Also" column, or choose other free books by Robert Dudley Baxter to read onlineMoreLess
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