12
CAP. 166]
Pawnbrokers
[1984 Ed.
Amendment of Schedules.
Existing licences.
(Cap. 166. 1970 Ed.)
(Cap. 166. 1970 Ed.)
Existing pawn agreements.
(b) the form of applications for licences, licences, the general book and tickets;
(c) the fees payable on the grant or renewal of licences;
(d) the conditions subject to which licences are granted;
(e) limiting the number of pawnbrokers' licences that may be allowed in any area;
(f) the hours during which the business of pawnbroking may be carried on;
(g) the storage and safe custody of goods pawned; and
(h) anything that is to be or may be prescribed.
(2) Any regulation made under this section may provide that a contravention thereof shall be an offence and may provide penalties for such offence not exceeding a fine of $10,000 and imprisonment for 6 months.
27. The Governor may by order amend all or any of the Schedules.
28. [Spent]
29. (1) A licence which was granted to a pawnbroker under section 8 of the repealed Ordinance and remained in force immediately before the commencement of this Ordinance shall continue in force after such commencement and have effect according to its tenor as if it were a licence granted under section 5 of this Ordinance.
(2) A licence which was granted to a pawnbroker under section 8 of the repealed Ordinance and which was, immediately before the commencement of this Ordinance, suspended, shall upon the ending of the period of suspension after the commencement of this Ordinance continue in force and have effect according to its tenor as if it were a licence granted under section 5 of this Ordinance.
(3) In this section "repealed Ordinance" means the Pawnbrokers Ordinance 1930 repealed by section 28.
30. This Ordinance shall not apply to any loan made before the commencement of this Ordinance, or to any goods pawned as security for any such loan.
WN169/90
FIRST SCHEDULE
MAXIMUM AMOUNT OF LOAN TO WHICH ORDINANCE APPLIES
50000
[ss. 3 & 22.]
SECOND SCHEDULE
(s. 11.)
MAXIMUM MONTHLY RATE OF SIMPLE INTEREST THAT MAY BE DEMANDED
34 per cent per lunar month