1901_PAWNBROKERS_ORDINANCE__1860 — Page 2

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 inspec-

books, etc., of

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.) Every such licence shall be granted by and at the discretion of the ner, 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 Superin- tion of goods, tendent of Police or any Inspector of Police, or by any other member of pawnbroker. 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 Joan upon

8. Øyer and above the principal moneys lent upon any goods pawned goods pledged, 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 jor 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:

Foru No. 1.

Ticket to be given by pawnbroker io borrower. Schedule: Form No. 2. Return of

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 re-

A.D. 186(

presentativ

his

or

repro

as provided

12. On full amour months frè

term allow representat described t

13. The previously had from

deliver the have been,

lost by the such proce which case. withhold th

14.-(1.

the borrowe

and to hav duty of the

or unsold, the Genera proceed to verifying b (2.) If t Magistrate to that effe lender or h by the said of the case either with

both princip

15. It sh given to his that any go issue his wa

him to be;

shall be the

cause them