PAWNBROKERS.
-1860.
No. 1 of 1860.
No. 1 of 1860
64
An Ordinance to consolidate and amend the laws relating to pawnbrokers.
16th April, 1860.]
19
50
Originally No.3 of 1860.
Law Rev. Ord., 1924.]
*
1. This Ordinance may be cited as the Pawnbrokers Ordinance, 1860.
Short title.
2. In this Ordinance, "pawnbroker" includes every person, and the servant or agent of every person, who purchases, receives, or takes in any goods, and pays money for or advances money upon the same to an amount not exceeding five hundred dollars, with or under any undertaking, agreement or condition, express, implied or reasonably to be inferred from the nature or character of the dealing or the usage in respect thereof, that the said goods in whole or in part may be afterwards redeemed or repurchased upon any terms whatsoever.
Interpretation.
3. No person shall use or exercise the trade or business of a pawnbroker unless he is the holder of a pawnbroker's licence.
Licence.
4. (1) Every such licence shall be granted by and at the discretion of the Captain Superintendent of Police on such conditions touching fees or otherwise as he may think fit.
(2) A licence shall endure for one year only, but may be renewed at the like discretion from year to year.
(3) All such fees shall be paid in advance: Provided always that if any licensee is unwilling to pay the whole fee in advance it shall be lawful for him to pay it in quarterly instalments in advance on finding security for such instalments to the satisfaction of the Secretary for Chinese Affairs.
5. No pawnbroker shall during the continuance of his 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.
Restriction on carrying on other trade or occupation.
As amended by Law Rev. Ord., 1923. This Ordinance is not affected by No. 5 of 1886.
As amended by Law Rev. Ord., 1923.
As amended by Law Am. Ord., 1923.
PAWNBROKERS.
-1860.
No. 1 of 1860.
No. 1 of 1860
64
An Ordinance to consolidate and amend the laws relating
to pawnbrokers.
16th April, 1860.]
19
50
Originally No.3 of 1860.
Law Rev. Ord., 1924.]
*
1. This Ordinance may be cited as the Pawnbrokers Short title. Ordinance, 1860.
66
pawnbroker
tion.
t
+
2. In this Ordinance,
includes every Interpreta- person, and the servant or agent of every person, who pur- chases, receives, or takes in any goods, and pays money for or advances money upon the same to an amount not exceed- ing five hundred dollars, with or under any undertaking, agreement or condition, express, implied or reasonably to be inferred from the nature or character of the dealing or the usage in respect thereof, that the said goods in whole or in part may be afterwards redeemed or repurchased upon any terms whatsoever.
3. No person shall use or exercise the trade or business of Licence. a pawnbroker unless he is the holder of a pawnbroker's licence.
4. (1) Every such licence shall be granted by and at the Grant and discretion of the Captain Superintendent of Police on such duration of conditions touching fees or otherwise as he may think fit.
(2) A licence shall endure for one year only, but may be renewed at the like discretion from year to year.
(3) All such fees shall be paid in advance: Provided always that if any licensee is unwilling to pay the whole fee in advance it shall be lawful for him to pay it in quarterly instalments in advance on fifiding security for such instal- ments to the satisfaction of the Secretary for Chinese Affairs.
licence.
of trade
5. No pawnbroker shall during the continuance of his Restriction licence, carry on any other trade or occupation in his place to pawn- of business as such. pawnbroker, except that of pawnbroking broking. and the sale of pledges forfeited under the provisions of this Ordinance.
As amended by Law Rev. Ord., 1923. This Ordinance is not affected by No. 5
of 1886.
As amended by Law Rev. Ord., 1923.
As amended by Law. Am. Ord., 1923.
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