HIGH COURT OF SOLOMON
ISLANDS
Civil Case No. 279 of 2000
DEVELOPMENT BANK OF
SOLOMON ISLANDS
v
EDWARD HUNUEHU
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High Court of on Islands
Before: F.
O. Kabui, J
Civil Case No. 279 of 2000
Hearing: 25th April
2001
Judgment: 26th April 2001
G. Fa�aitoa for the Plaintiff
Defendant in person
JUDGMENT
(Kabui, J):
By a Specially Indorsed Writ of Summons filed on 19th December
2000, the Plaintiff claims against the Defendant the sum of $129,445.15 with
interest as from 31st October, 2000 and costs. The Writ of
Summons and the Statement of Claim were served upon the Defendant by Mr.
Tonowane
on 8th January 2001 through Constable Piriniparu PC No.
286. According to the Court File, no appearance on defence has been filed
by
the Defendant.
The Facts
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The Plaintiff e
Development Bank of Solomon Islands (�the DBSI�). By a loan agreement
executeecuted on or about 15th September, 2000, the Defendant borrowed
from the Plaintiff the sum of $100,000 to be repaid by monthly instalments
of
$3,516.00. The interest rate was 16% per annum. As security for the
repayment of the loan, a second charge was registered over
Parcel No.
191�051-64 in favour of the Plaintiff. On or about 1st June, 2000
the loan repayment was reduced to $2,000 monthly instalment. This reduction
of repayment instalment was accompanied
by a threat that failure to honour
it would result in legal proceedings being taken to recover the full amount
of the
loan outstanding against the Defendant. The final letter of demand
was dated 15th August, 2000. As at 31st October, 2000, the
Defendant was indebted to the Plaintiff in the sum of $129,445.15 as set out
in the Writ of Summons.
The Relief Souspan>
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The Defendant at the hearing of
the Plaintiff�s Summons admitted liability in no uncertain terms. I grant
the Orders sought
in the Plaintiff's Summons accordingly.
F. O. Kabui
Judge
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