Sheth and Another v Hussein Brothers (C.A. 18-1936.)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
A money-lender registered in Zanzibar who made a single loan in Kenya was not carrying on the business of money-lending in Kenya within the meaning of the Money-lenders Ordinance. One isolated transaction, even coupled with registration as a money-lender in another jurisdiction, does not establish the system, repetition, and continuity required to constitute carrying on a money-lending business. The appeal on the principal amount was dismissed; the appeal on interest was allowed.
Outcome
Judgment on principal amount upheld; interest award set aside
Facts
M.N.J., a registered money-lender in Zanzibar but not in Kenya, visited Mombasa and lent the appellants Sh. 10,000. The appellants gave two promissory notes of Sh. 5,000 each. A collateral agreement provided for interest at 18 per cent per annum. One note was repaid. The other note was passed to the respondents for collection. The respondents obtained judgment in the Supreme Court of Kenya for Sh. 5,000 plus interest at 18 per cent per annum. The appellants appealed, arguing the loan was unenforceable as made by an unlicensed money-lender in Kenya and that interest should not have been awarded.
Issues
- Whether a money-lender registered in Zanzibar but not in Kenya, who effected one loan in Kenya, was carrying on the business of money-lending in Kenya as defined by the Money-lenders Ordinance.
- Whether interest at 18 per cent per annum on the promissory note was properly awarded.
Orders
- Appeal dismissed in so far as the principal amount is concerned.
- Appeal allowed on the point of interest.
- Respondents to have costs of the appeal in respect of the issue on which they succeeded.
- Appellants to have costs on the issue in respect of which they succeeded.
- In the Supreme Court, respondents to have costs except costs of instructions and hearing on the interest item, which go to appellants.
- Appellants to have Court costs in respect of the interest item.
Rules and key headnotes
Legislation cited (2)
- Money-lenders Ordinance (Kenya) No. 45 of 1932 s.2(1)
- Money-lenders Ordinance (Kenya) No. 45 of 1932 s.5
Cases cited (4)
- Cornelius v Phillips [1918] AC 199
- Smith v Anderson (1880) 15 Ch D 247
- Newman v Oughton [1911] 1 KB 792
- Edgelow v MacElwee [1918] 1 KB 205
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.