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As to amount recoverable in respect of loans.
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4.—(1) The total amount recoverable in respect of any loan made under the principal Act shall in no case exceed the amount lent, together with simple interest thereon at the rate of five pounds per centum per annum, and in ascertaining the amount due in respect of any such note an account shall be carried back for the entire period from the date of the original loan.
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(2) The account provided for in subsection one of section two of the Charitable Loan Societies (Ireland) Act, 1900, in lieu of being issued together with the summons, shall, not less than fourteen days before the summons is issued, be forwarded by a registered letter addressed to the borrower at his last known place of residence, and the said account shall show the allowances made for all sums paid by the borrower in respect of principal, interest, or otherwise.
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