572 THE HONGKONG GOVERNMENT GAZETTE, 12тн NOVEMBER, 1870.
Loan deemed
to be for Six Months unless otherwise agreed, and redeemable at
any Time before Sale.
Additional
upon such Terms as to Interest as shall be agreed between them for any further Period not exceeding Six Months at any one
Time.
III. In the Absence of any Special Agreement, every Loan and every Renewal thereof shall be deemed to have been made for Six Months; but the Borrower shall be entitled to claim Restitution of any Pledge which shall have become liable to be sold under the Provisions hereinafter contained, and which shall still be within the Jurisdiction, at any Time before the actual Sale thereof, upon tendering the Amount of the Principal and Interest at the stipulated Rate, up to the Day when he shall claim the Restitution thereof.
IV. In Addition to the Particulars required by Ordinance No. Particulars in 3 of 1860, to be entered in the "General Book," and on the Pawn
Ticket, such Entries shall specify :
General
Book" and Pawn Ticket.
Renewal of Loan to be entered.
Penalty for False Parti- culars.
Power of Sale.
Account Sales
to be entered
1. The Date of the Loan.
2. A true Description of every Article pledged and in the Case of any Gold or Silver Article, the Weight of Gold or Silver, as nearly as may be, and whether the Article contains any and what Precious Stones.
The Forms contained in Schedules A and B of Ordinance No. 3 of 1860 may be altered for the Purposes of this Section, and whenever a Renewal of any Loan shall be effected, an Entry of such Renewal and of the Terms thereof shall be made in the
General Book" and on the Pawn Ticket.
[4
V. Whenever a false Entry shall be knowingly made by any Pawnbroker or any Person in his Employ, in the "General Book" or Pawn Ticket, in relation to such Particulars as aforesaid, the Pawnbroker in Addition to the Fine incurred by him under Ordi- nanec No. 3 of 1860, shall forfeit the Money advanced and all Interest due thereon and all Right, Title or Interest to or in the Goods pawned or the Proceeds thereof.
VI. In Case the Borrower or Holder of the Pawn Ticket shall fail to redeem the Pledge within Thirty Days after the Expira- tion of the Period for which such Pledge shall have been made or renewed, as the Case may be, it shall be lawful for the Lender to sell and dispose of the Goods pledged, and out of the Proceeds of the Sale thereof, to deduct and retain the Amount of the Principal lonies advanced by him on such Goods and the Interest due thereon, together with the reasonable Costs and Charges of such Sale.
VII. The Lender shall enter in the "General Book" an accu- rate Account of the Proceeds of any Sale of unredeemed Pledges in the General effected by him and the Borrower shall be entitled to inspect such Entry on Demand at all reasonable Times before the Balance of such Proceeds, if any, shall have become forfeited to the Lender under Section X.
Book."
Penalty for Eutry of
VIII. In Case the Lender shall, fail to enter such Account Sale in the "General Book," or in Case any false Entry shall be made False Account therein in relation to such Sale, or in Case the Lender or any Sale, &c.
Person in his Employ shall refuse to permit the Borrower to ins- pect such Entry at such Times as aforesaid, the Lender shall be liable on Summary Conviction thereof, to a Fine not exceeding Two hundred Dollars..
Governor in Council may
dcemed
IX. It shall be lawful for the Governor in Council from Time to Time, by an Order to be published in the Gazette to direct, direct Public that during such Period as may be specified in such Order or Sales of unre- until further Notice, all unredeemed Pledges liable to be soid Pledges. under this Ordinance, (with such Exceptions, or Limitations, if any, as may be contained in such Order) shall be sold by Public' Auction, by the Government Auctioneer or by such other Person as the Governor shall direct.
Application of Surplus.
Unfinished Goods, &c.
Copy of Sec-
X. Whenever any unredeemed Pledge shall be sold under the Provisions of this Ordinance, either by Private Sale or at any such Public Auction as aforesaid, the Surplus of the Proceeds of the Sale thereof after deducting the Amount of Principal and Interest due to the Pawnbroker and all reasonable Costs and Charges of such Sale shall be paid to the Borrower or Person tendering the Pawn Ticket issued in respect of such Pledge and demanding such Surplus, provided he shall make such Tender and Demand before tlie Expiration of Six Months from the Period when the Pledge became liable to be sold, in Default whereof, such Surplus shall be forfeited to the Pawnbroker: Provided always that where the Sale shall be effected at any such Public Auction as aforesaid, the Costs thereof shall be a Primary Charge on the Proceeds.
XI. Every Pawnbroker who shall buy or take in Pledge un- finished Goods, or Linen or Apparel entrusted to others to wash or mend, shall be liable on Summary Conviction thereof to a Fine not exceeding Two hundred Dollars and the Goods shall be res- tored to the Owners.
XII. Every Pawnbroker shall during the Term of his License
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