Usury Act 1660 Usury Act 1660 The Usury Act 1660 is an Act of the Parliament of England (12 Car. II. c. 13) with the long title "An Act for restraining the taking of Excessive Usury". The purpose of the Act was to reduce the interest rate from 8% to 6%. The legislation had been enacted in 1651 under the Commonwealth, but this Act was passed to confer legality on the measure following the Restoration of Charles II after the English Civil War. It was amended by the Usury Act 1840 (3&4 Vict, c.83), the Usury Act 1841 (4&5 Vict, c.54), the Usury
Monarch Airlines (1946–1950) bought a controlling interest in Challenger in December 1949. Monarch merged with Arizona Airways and Challenger Airlines on June 1, 1950, to form Frontier Airlines. Monarch's President, Hal S. Darr, became President of the new airline. Ray Wilson became V.P. Operations and Maintenance of the new company and Monarch's Treasurer, C.A. Myhre, became Executive Vice President and later President of Frontier. Monarch had five DC3s at the merger: NC64421, NC64422, NC64423, NC64424, and NC66610. They became Frontier Sunliners Arizona, New Mexico, Royal Gorge, Mesa Verde and Utah. Monarch Airlines (1946–1950) Monarch Airlines was an American airline based in Denver, Colorado,