46
Notification of place of business.
*
Inspection of goods, books, etc.
Interest on loans.
†
No. 1 of 1860.
PAWNBROKERS,
6. Every 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. Every pawnbroker shall, whenever required by the Captain Superintendent or any inspector of police, or by any constable bearing a written order in that behalf under the hand of the Captain 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.
8. Every pawnbroker may demand, receive and take interest, over and above the principal moneys paid or advanced by him upon any goods pawned or pledged with him, from the person applying to redeem or repurchase the said goods, before re-delivering the same, at the following rates:--
On any sum-
not exceeding
exceeding
$7
$14
$42
$140
First month
Succeeding months
10%
3%
8%
3%
5%
3%
3%
2%
2%
List of rates to be exposed in the shop.
Provided always that special rates may be charged for cotton quilts, shoes, leather trunks, copper, iron, lead, tin, gold and silver watches, jade, and precious stones.
Such principal moneys and interest shall be taken in full satisfaction of all charges for or incidental to the loan to which the same relate: Provided also 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 the loan agreed upon.
Every pawnbroker shall expose in a conspicuous place in his shop a list, to be furnished by the Secretary for Chinese Affairs, of the rates chargeable under this section, in English and Chinese.
* As amended by Law Rev. Ord., 1923.
† As amended by Law Rev. Ord., 1923, and Law Am. Ord., 1923.
46
Notification of place of business.
*
Inspection of goods, books, etc.
Interest on
loans.
t
No. 1 of 1860.
PAWNBROKERS,
6. Every 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. Every pawnbroker shall, whenever required by the Captain Superintendent or any inspector of police, or by any constable bearing a written order in that behalf under the hand of the Captain Superintendent, produce for the inspec- tion of the person so requiring him all of any goods pledged or deposited with him, and all books and papers relating to
the same.
8. Every pawnbroker may demand, receive and take inter- est, over and above the principal moneys paid or advanced by him upon any goods pawned or pledged with him, from the person applying to redeem or repurchase the said goods, before re-delivering the same, at the following rates:--
On any sum-
not exceeding exceeding
19
DSSD £ £
"
""
42 $140
?)
First Succeed- month ing months
10% 3
List of rates
""
1
1 and not exceeding $7 8% 3
$ 14 5% 3 $42 3% 2/ $140 2% 2
20
14%
Provided always that special rates may be charged for cotton quilts, shoes, leather trunks, copper, iron, lead, tin, gold and silver watches, jade, and precious stones.
Such principal moneys and interest shall be taken in full satisfaction of all charges for or incidental to the loan to which the same relate: Provided also 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 the loan agreed upon.
Every pawnbroker shall expose in a conspicuous place in to be exposed his shop a list, to be furnished by the Secretary for Chinese Affairs, of the rates chargeable under this section, in English and Chinese.
in the shop.
* As amended by Law Rev. Ord., 1923.
† As amended by Law Rev. Ord., 1923, and Law Am. Ord., 1923.
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