61487-1919-Money-Changers-Licences-Revised-conditions — Page 1

354

THE HONGKONG GOVERNMENT GAZETTE, AUGUST 29, 1919.

EXECUTIVE COUNCIL.

No. 393.

Regulation made by the Governor in Council under Section 3 of the Licensing Ordi- nance 1887, Ordinance No. 8 of 1887, this 28th day of August, 1919.

The conditions of Money Changers Licences made by the Governor in Council under section 3 of the Licensing Ordinance 1887, Ordinance No. 8 of 1887, on the 2nd day of August, 1917, and published in the Gazette on the 3rd day of August, 1917, as Government Notification No. 344 as amended by the condition made by the Governor in Council on the 11th day of July, 1918, and published in the Gazette on the 12th day of July, 1918, as Government Notification No. 257 are hereby repealed and the following conditions are substituted therefor.

Conditions.

1. Every money changer shall keep account books in such form as the Captain Superintendent of Police shall direct, and such account books shall contain the following particulars:

(a.) An account of every transaction whatsoever entered into by the money changer with respect to any silver dollars, whether such silver dollars be bought or sold or exchanged or otherwise dealt in, and whether the transac- tion be completed or be a contract for future completion.

(b.) Sufficient information to enable a balance to be struck at any moment for the purpose of ascertaining the stock of silver dollars in the possession of the money changer.

(c.) Such other particulars as the Captain Superintendent of Police may direct.

2. If the stock of silver dollars in the possession of any money changer differs at any time from the balance as ascertained from the said account books, or if any account book kept by any money changer in pursuance of these regulations is ascertained to contain any false entry, it shall be lawful for the Captain Superintendent of Police. to cancel the licence of the money changer.

3. Every money changer shall furnish to the Captain Superintendent of Police on the 1st and 15th day of each month a return in such form as the Captain Superinten- dent of Police may direct showing the number of silver dollars bought, sold, or exchanged by such money changer during the preceding half month.

4. Every money changer shall permit any police officer who may be authorised in writing thereto by the Captain Superintendent of Police to examine all his account books, to search his premises and to examine all the silver dollars in his possession or under his control at the date of such search and examination.

5. Every money changer shall exhibit in a conspicuous place on the premises where his business as money changer is carried on every notice regarding the currency of the Colony which may have been sent to him by the Colonial Treasurer or the Secretary for Chinese Affairs.

6. The Licence must be kept on the premises used for the changing of Money and must be produced when demanded by the Captain Superintendent of Police or any per- son deputed by him in that behalf.

7. The words "Licensed Money Changer" in large characters in English and Chinese characters are to be exhibited conspicuously on the premises to the satisfaction of the Captain Superintendent of Police.

8. The Licensee may not occupy for the purpose of his business as a money changer any premises other than those stated in his Licence without the approval of the Captain Superintendent of Police.

**