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Updated: May 22, 2025
It is now reduced to one fanam, or fifty per cent per annum, and no person is to receive more, under penalty of fine, according to the circumstances of the case. No more than double the principal can in any case be recovered at law. A person lending money at interest, and letting it lie over beyond two years, loses the surplus.
There are many pomegranates also; grapes are sold at three bunches a FANAM, and pomegranates ten for a FANAM. Now as to the places on the bank of this river.
A galang, or ring of brass wire, represents about the value of a dollar. But for small payments salt is the most in use. A measure called a salup, weighing about two pounds, is equal to a fanam or twopence-halfpenny: a balli, another small measure, goes for four keppeng, or three-fifths of a penny.
If a person takes up money under promise of mengiring at a certain period, should he not perform his agreement he must pay interest for the money at one fanam per dollar per month. If a person, security for another, is obliged to pay the debt he is entitled to demand double from the debtor; but this claim to be moderated according to circumstances.
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