HIRE-PURCHASE ACT: INDEX TO SUBSIDIARY LEGISLATION

Exemption from Part III of the Hire-Purchase Act

Hire-Purchase (Limitation of Time) (Variation) Notice

Hire-Purchase (Schedule) (Variation) Order

Hire-Purchase (Finance Charges) Notice

Hire-Purchase (Exemption) Order

EXEMPTION FROM PART III OF THE HIRE-PURCHASE ACT

[Section 28]

GN 58 of 1957,

GN 439 of 1963.

[Notice by the Minister]

It is hereby ordered that any agreement entered into by the body corporate specified in the Schedule shall be exempted from the provisions of Part III of the Act.

SCHEDULE

Central African Power Corporation

[Am by GN 439 of 1963.]

HIRE-PURCHASE (LIMITATION OF TIME) (VARIATION) NOTICE

[Section 26]

Arrangement of Paragraphs

Paragraph

1. Title

2. Time limit for certain actions

[Notice by the Minister]

GN 224 of 1958.

1. Title

This Notice may be cited as the Hire-Purchase (Limitation of Time) (Variation) Notice.

2. Time limit for certain actions

The number of days from the end of the period within which the full purchase price is payable under an agreement within which a suit or action shall be instituted for the return of any goods to which the agreement relates or for the recovery of any portion of the purchase price due under the agreement is hereby increased to 365 days.

HIRE-PURCHASE (SCHEDULE) (VARIATION) ORDER

[Section 25]

Arrangement of Paragraphs

Paragraph

1. Title

2. Variation of Schedule to Cap. 691

3. Revocation of S.I. 257 of 1973

SCHEDULE

[Order by the Minister]

SI 63 of 1976.

1. Title

This Order may be cited as Hire-Purchase (Schedule) (Variation) Order.

2. Variation of Schedule to Cap. 691

The Schedule to the Hire-Purchase Act is varied and amended so as to read as follows.

3. Revocation of S.I. 257 of 1973

The Hire-Purchase (Schedule) (Variation) Order, 1973, is hereby revoked.

SCHEDULE

[Section 25]

INITIAL PAYMENTS AND PERIODS OF PAYMENT

Class of Goods	Description of Goods	Percentage of cash to be paid before goods are delivered	Period within which purchase price is payable (months)
A	Agricultural and irrigation machinery and equipment and any other goods mainly used for agricultural purposes where an agricultural officer has certified the intended use of such goods	20	30
B	Motor assisted cycles; motor cars including estate cars and station wagons; motor cycles; motor cycle combinations; motor scooters	331/3	24
C	Ambulances; hearses; lorries; road passenger vehicles designed to seat more than eight persons; vans designed for commercial purposes; vanettes	331/3	30
D	Motor vehicles other than those referred to in Class B and Class C	331/3	24
E	Commercial, industrial and mining plant and machinery; earth moving equipment	20	36
F	Accounting, adding, calculating and cash register machines; aircraft air— conditioning units; bicycles; boats; cameras; caravans (non-motorised); duplicating machines; floor polishers; furniture; geysers; invalid tricycles; lawn mowers; marine engines (including outboard motors); pianos; radios; radiograms; refrigerators; sewing machines; stoves; tape recorders; television sets; television radiogram sets; vacuum cleaners; washing machines	25	18
G	Any other goods	25	18

HIRE-PURCHASE (FINANCE CHARGES) NOTICE

Arrangement of Paragraphs

Paragraph

1. Title

2. Purchase price

[Notice by the Minister]

SI 33 of 1985.

1. Title

This Notice may be cited as the Hire-Purchase (Finance Charges) Notice.

2. Purchase price

For all classes of agreement, the purchase price shall not exceed the cash price by more than the aggregate of the following—

(a) reasonable accountancy costs, credit control and collection expenses and other administrative costs connected with the agreement, other than the sums excluded from the purchase price in terms of sub-section (1) of section 3 of the Act; and

(b) interest, on the balance of the cash price remaining unpaid before the due date of each instalment, at a rate—

(i) in respect of new goods, of 7.19 per centum; or

(ii) in respect of used goods, of 9.54 per centum;

over the Bank interest rate as determined by the Bank of Zambia from time to time.

HIRE-PURCHASE (EXEMPTION) ORDER

[Section 28]

Arrangement of Paragraphs

Paragraph

1. Title

2. Exemption

SCHEDULE

[Order by the Minister]

SI 32 of 1989.

1. Title

This Order may be cited as Hire-Purchase (Exemption) Order.

2. Exemption

Any agreement entered into by the body corporate specified in Part I of the Schedule for the Hire-Purchase of the aircraft specified in Part II of the Schedule shall be exempted from the provisions of the Act.

SCHEDULE

[Paragraph 2]

PART I
MINES AIR SERVICES LIMITED

PART II

Aircraft being Hire-Purchased—

Type of Aircraft	(i) Beech 300 S/N FA 166, Reg. 9J-AFI
	(ii) Beech 1900 S/N UC 43, Reg. 9J-AFJ
Value of Aircraft	US$3,000,000 (Beech 300)
	US $3,800,000 (Beech 1900)