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11. Every pawnbroker shall, whenever required by the Inspection of Inspector General of Police or by any police officer not goods, books, below the rank of sergeant, or by any constable authorised etc. thereto in writing by such Inspector General either generally or for a particular occasion, or for particular premises, produce for the inspection of the person so requiring him all or any goods pawned or deposited with him, and all books and papers relating to the same.
12. Every pawnbroker may demand, receive and take Interest on simple interest, over and above the principal paid or loans. advanced by him upon auy goods pawned with him, from the person applying to redeem the said goods, before redelivering the same, at the following rates or at such other rates as may from time to time be prescribed by the Governor in Council :
On any sum-
not exceeding $1
First month.
Succeeding months.
.10%
8%
exceeding
and not
$1
$7
8%
exceeding ĺ
3%
$7
$14
"
5%
%
$14
$42
29
$42
$140
2%
"
de de no
%
$140.
.2%
1 %
Provided that, in the case of the special classes of goods
set forth in the Second Schedule the special rates of Second interest set forth in such Schedule may subject to altera- Schedule. tion by the Governor in Council be charged by the pawn-
broker in lieu of the foregoing rates.
The first month's interest shall be deemed to be due on the first day of the first month of the loan and shall be deducted from the amount of the loan.
The principal and interest shall be accepted by the pawnbroker in full satisfaction of all charges for, or inci- dental to the loan to which the same relate, and no pawn- broker shall demand interest in excess of the authorised rate or shall charge compound interest.
Every pawnbroker shall expose in a conspicuous place List of rates in his shop a clearly legible list, to be furnished by the to be exposed Secretary for Chinese Affairs, of the rates chargeable in the shop. under this section, in English and Chinese.
No loans shall be made by any pawnbroker, and no Loanus and interest on loans shall be charged by him, in any currency interest must other than the currency of the Colony.
be in local
currency.
13. Every pawnbroker shall, before advancing any Book to be money on loan, enter or cause to be entered in a book to kept by be kept by him for that purpose, and to be called the pawnbroker. General Book, a legible statement according to Form
No. 1 in the Third Schedule or its equivalent in Chinese Third or such other form as may hereafter be substituted by the Schedule Goveruor in Council. If a Chinese form is used the rate Form No. 1. of interest shall be denoted by a chop.
14. Every pawnbroker shall, at the time of making any Ticket to be loan, deliver to the borrower a ticket containing a true given to and legible statement according to Form No. 2 in the borrower. Third Schedule or its equivalent in Chinese or such other Third form as may hereafter be substituted by the Governor in Schedule Council. If a Chinese form is used the rate of interest shall be denoted by a chop.
15. In order to entitle any person to redeem from the pawnbroker the goods pawned, the ticket must be returned to the pawnbroker by the person applying to redeem the goods, except as provided for in section 18.
Form No. 2.
Return of ticket on
re-delivery of goods.