The Privy Council held that the Act was, in pith and substance, a law in respect of “money lending” and “money lenders” (a state subject) and was therefore valid, despite incidental encroachment.
The Privy Council held that the Act was, in pith and substance, a law in respect of “money lending” and “money lenders” (a state subject) and was therefore valid, despite incidental encroachment.