C...
1149
32
Requirement as to pawn-broker's licence.
Grant and duration of licence.
Restriction of trade of pawnbroker to pawn-broking.
Notification at place of business of name and business of pawnbroker.
Police inspection of books, etc., of pawnbroker.
No. 1.] THE ORDINANCES OF HONGKONG : [A.D. 1860.
3. No person shall use or exercise the trade or business of a pawn-broker unless he is the holder of a pawnbroker's licence.
4.(1) Every such licence shall be granted by and at the discretion of the Governor, on such conditions touching fees or otherwise as may be deemed meet.
(2.) A licence shall endure for one year only, but may be renewed at the like discretion from year to year.
5. A pawnbroker shall not, during the continuance of his said licence, carry on any other trade or occupation in his place of business as such pawnbroker, except that of pawnbroking and the sale of pledges forfeited under the provisions of this Ordinance.
6. A pawnbroker shall cause to be painted and kept painted in large and legible English letters and Chinese characters, over the door of his said place of business, his name at length, and after his name the word "Pawnbroker."
7. A pawnbroker shall, whenever thereunto required by the Superintendent of Police or any Inspector of Police, or by any other member of the Police Force bearing a written order in that behalf under the hand of the said Superintendent, produce for the inspection of the person so requiring him all or any goods pledged or deposited with him, and all books and papers relating to the same.
Interest on loan upon goods pledged.
8. Over and above the principal moneys lent upon any goods pawned or pledged with the lender, he may demand, receive, and take from the person applying to redeem the said goods, before re-delivering the same, interest for the month, and every fractional part of a month, after such rate as may have been agreed upon at the time of the making of the said loan; which said principal moneys and interest shall be taken in full satisfaction of all charges for or incident to the loan to which the same relate: Provided, nevertheless, that the first month's interest shall be deemed to be due on the first day of the first month, and may be deducted from the amount of loan agreed upon.
Book to be kept by pawnbroker. Schedule: Form No. 1.
Ticket to be given by pawnbroker to borrower. Schedule: Form No. 2.
Return of pledges.
9. Before any moneys are advanced on any such loan as aforesaid, the lender thereof shall enter or cause to be entered in a book to be by him kept for that purpose, and to be called "The General Book," a fair and legible statement according to the Form No. 1 in the Schedule to this Ordinance.
10. The lender shall, at the time of making any such loan as aforesaid, deliver to the borrower a ticket containing a true and legible statement according to the Form No. 2 in the Schedule to this Ordinance.
11. In order to entitle any person to redeem from the lender or his representative...
A.D. 186...
...his pledge or pledges, the borrower or his representative shall produce the ticket or tickets...
12. On full amount being paid...
13. The lender shall deliver the pledge or pledges...
14.-(1) If the borrower fails to redeem...
(2.) If the Magistrate is satisfied...
15. It shall be lawful for the lender to issue his warrant...