Q
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97
le
- 2
A.
The second set of amendments seeks to improve
the administration of the Ordinance. At present, an
advertisement to lend money is only required to show the
name of the money lender.
То help the
the Police in
controlling these advertisements, it is proposed that the
licence number of the money lender should also be printed
in any advertisement. Failure to comply will attract a
maximum fine of HK$100,000 and two years' imprisonment.
27
le
le
پور
The Registrar of Money Lenders, or any person
authorized by him may enter any premises and inspect
documents to ascertain whether the provisions of the
Ordinance have been complied with. As such inspections are,
in fact, carried out by the Police, it is proposed that the
olice should be given express powers under the Ordinance.
These powers shall only be used when the police have a
reasonable suspicion that the money lender has committed an
offence. Any documents seized must be related to the
offence. If no prosecution were instituted within three
would months, the documents abeuid be returned.
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