THE HONGKONG GOVERNMENT GAZETTE, MARCII 24, 1911.
89
No. 72.-His Excellency the Governor has given his assent, in the name and on behalf of His Majesty the King, to the following Ordinance passed by the Legislative Council:
Ordinance No. 8 of 1911.-An Ordinance to further amend the Pawnbrokers
Ordinances, 1860 and 1902.
HONGKONG.
No. 8 or 1911.
An Ordinance to further amend the Pawnbrokers
Ordinances, 1860 and 1902.
F. D. LUGARD,
LS
Governor.
[24th March, 1911.]
BE it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows :--
1. This Ordinance may be cited as The Pawnbrokers short title Amendment Ordinance, 1911"; and it shall be read and and construc- construed as one with the Pawnbrokers Ordinance, 1860, tion. hereinafter called “the Principal Ordinance” as amended
by the Pawnbrokers Amendment Ordinance, 1902, herein-
after called "the Amending Ordinance”.
2. In section 12 of the Principal Ordinance, instead of Amendment. the words,
if made within three mouths from the day of
making the loan “
in the second and third lines thereof, there shall be rend the words,
"if made within eight mouths, or in the case of goods pawned in any part of the New Territories other than New Kowloon if made within twelve months, from the day of making the loan".
**www.
of section 12
of Ordinance 1 of 1860.
of Ordinance 1 of 1860
dinance
3. Section 16 of the Principal Ordinance and section 6 of Repeal of the Amending Ordinance are hereby repealed and replaced section 36 by the following :-
16. Subject to the provisions hereinbefore con- and section tained, goods pawned as aforesaid shall, from 6 of Or- and after the expiration of the periods mentioned No. 21 of in section 12 if the same are unredeemed, be- 1902 and come the property of the lender or his repre- substitution. sentatives absolutely: Provided nevertheless therefor, that if at the expiration of such periods respect- ively the borrower is desirous of continuing the loan for a further period not exceeding the eight months, or the twelve months, referred to in section 12, as the case may be, he shall be at liberty to do so on paying the interest then due. In such case a new ticket shall be issued and a new entry made in the General Book,”
4. The tariff of interest provided by section 4 of the Repeal of Amending Ordinance is hereby repealed and the following portion of tariff shall be substituted therefor ;-
On any sum
not exceeding 1 dollar.... excoeding 1 dollar, and not exceeding 7 dollars,...... execeding 7 dollars, and not
exceeling 14 dollars, exceeding 14 dollars, and not exceeding 42 dollars, exceeding 42 dollars, and not exceeding 140 dol- lars,
exceeding 140 dollars,..........
First Sncaveding month. mouths.
section 4 of Ordinance
10%
3 %%
No. 21 of 1902 and substitution therefor.
8% 3
5%
3
8%
2%
2%
00
N
Passed the Legislative Council of Hongkong, this 23rd
day of March, 1911.
R. H. CROFTON,
Clerk of Councils.
Assented to by His Excellency the Governor, the 24th
day of March, 1911.
C. CLEMENTI,
Colonial Secretary.