YZ Finance Co Pty Ltd v Cummings

109 CLR 395

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(Judgment by: Taylor J)

YZ Finance Co Pty Ltd v Cummings

Court:

Judges: McTiernan J
Kitto J

Taylor JMenzies J
Windeyer J

Subject References:
Banking and finance
Money lenders
Security
Promissory note
Inconsistency between State and Federal legislation

Legislative References: - Constitution (Cth), s 109; Bills of Exchange Act 1909 (Cth); Money-lenders and Infants Loans Act 1941 (NSW), s 24

Hearing date: 21 November 1963
Judgment date: 25 February 1964

MELBOURNE

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Judgment by:
Taylor J

TAYLOR J. I am of the opinion that Batchelor & Co Pty Ltd v Websdale ^[F18] was rightly decided and that, as the Full Court considered, it disposed of the appellant's contention as to the meaning of s. 24 of the Money-lenders and Infants Loans Act, 1941-1961 (N.S.W.). On the other points raised by the appellant I do not wish to add anything to the observations already made by McTiernan J. Accordingly I would dismiss the appeal.