Mount Albert Borough v Australasian Temperance and General Mutual Life Assurance Society Limited - [1937] NZLR 1124

Local Bodies' Loans — Debentures and Interest Coupons issued under Local Bodies' Loans Act, 1913 (now 1926) — Payment of Principal and Interest in Victoria — Victorian Statute reducing Rate of Interest payable under Mortgages — Whether effective to reduce Interest on Debentures issued in New Zealand — Conflict of Laws — Whether Victorian Statute related to Mode of Performance or varied the Obligation under the Contract — Local Bodies' Loans Act, 1913, s 32 — Local Bodies' Loans Act, 1926, s 37.