PAWNBROKERS.
No. 16 of 1930.
1819 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.
9. No pawnbroker shall during the continuance of his licence carry on any 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.
10. 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 or his firm's name at length, with the addition of the word "Pawnbroker" after the English name and the word after the Chinese name.
11. Every pawnbroker shall, whenever required by the Commissioner of Police or by any police officer not below the rank of sergeant, or by any constable authorized thereto in writing by the Commissioner either generally or for a particular occasion or for particular premises, produce for the inspection of the person so requiring him all or any goods pawned or deposited with him and all books and papers relating to the same.
12. Every pawnbroker may demand, receive and take simple interest, over and above the principal paid or advanced by him upon any goods pawned with him, from the person applying to redeem the said goods, before redelivering the same, at the following rates or at such other rates as may from time to time be prescribed by the Governor in Council:
On any sum First month. Succeeding months. not exceeding $1 10% 3% exceeding $1 and not exceeding $7 8% 3% $7 and not exceeding $14 5% 3% $14 and not exceeding $42 3% 2% $42 and not exceeding $140 2% 2% exceeding $140 2% 1%As amended by Law Rev. Ord., 1939, Supp. Sched.
PAWNBROKERS.
No. 16 of 1930.
1819
advance it shall be lawful for him to pay it in quarterly instal- ments in advance on finding security for such instalments to the satisfaction of the Secretary for Chinese Affairs.
9. No pawnbroker shall during the continuance of his Restriction licence carry on any trade or occupation in his place of business of trade to as such pawnbroker except that of pawnbroking and the sale of broking. pledges forfeited under the provisions of this Ordinance.
pawn-
nature of
10. Every pawnbroker shall cause to be painted and kept Notification painted in large and legible English letters and Chinese of name and characters, over the door of his said place of business, his or business. his firm's name
at length, with the addition of the word (cf. 35 & 36
Vict. c. 93, "Pawnbroker" after the English name and the word after s. 13 (1).] the Chinese name.
books, etc.
11. Every pawnbroker shall, whenever required by the Inspection Commissioner of Police or by any police officer not below the of goods, rank of sergeant, or by any constable authorized thereto in writing by the Commissioner either generally or for a particular occasion or for particular premises, produce for the inspection of the person so requiring him all or any goods pawned or deposited with him and all books and papers relating to the
same.
+
12. Every pawnbroker may demand, receive and take simple Interest on interest, over and above the principal paid or advanced by him loans. upon any goods pawned with him, from the person applying to redeem the said goods, before redelivering the same,
at the following rates or at such other rates as may from time to time be prescribed by the Governor in Council:
First Succeeding
month. months.
On any sum-
not exceeding $1.
10%
3%
exceeding-
$1 and not exceeding $7
8%
3%
$7
$14
5%
3%
$14
"}
$42
3%
2%
$42
""
})
}"
$140 2%
2%
$140
2%
11%
As amended by Law Rev. Ord., 1939, Supp. Sched.
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