Credit Services Investments Limited v Carroll - [1973] 1 NZLR 246

Hire purchase — Nature of transaction — Contract of lease of motorcar — Monthly payments — Residual value fixed — On termination car to be sold — Lessee to receive or pay difference between sale price and residual value — Lessee no right of purchase — Effect or purpose of contract — Transaction not in breach of regulations — Hire Purchase and Credit Sales Stabilisation Regulations 1957 (Reprint SR 1967/172), reg 8(b).

Statutes — Interpretation — Construction with reference to other statutes — Caution in reasoning from a revenue statute to a non-fiscal statute and vice versa.