Mount Albert Borough Council v Australasian Temperance and General Mutual Life Assurance Society Ltd

Subject Matter

CONFLICT OF LAWS — New zealand — Conflict of laws — Debentures — Issued by local authority in New Zealand under Local Bodies' Loans Act, 1913 (now 1926), as security for loan — Interest payable in Victoria, Australia — Compulsory reduction of interest on mortgages and other securities by Victorian legislation — Not applicable to debentures and interest payments — Contract governed by law of New Zealand — Territorial limitation of legislation — Local Bodies' Loans Act, No. 30 of 1913 (N.Z.) — Local Bodies' Loans Act, No. 14 of 1926 (N.Z.) — Financial Emergency Act, 1931, No. 3961 (Victoria), s. 14, sub-s. 1 (a), (b); s. 19, sub-s. 1; s. 28, sub-s. 1; s. 37.