CAP: 166]
Pawnbrokers.
CHAPTER 166.
PAWNBROKERS.
Originally
16 of 1930. Fraser
16 of 1930.
23 of 1946.
23 of 1947. 57 of 1948. 22 of 1950.
24 of 1950.
Short title.
Interpretation. [cf. 35 & 33 Vict. c. 93,
s. 5.]
Regulations.
57 of 1948, s. 2,
To amend the law relating to pawnbrokers.
[17th October, 1930.]
1. This Ordinance may be cited as the Pawnbrokers Ordinance.
2. In this Ordinance-
"month" means a Chinese lunar month; "pawnbroker" includes every person who carries on the business of taking goods and chattels in pawn, or who purchases, receives or takes in any goods or chattels, and pays money for or advances money upon the same, 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 or chattels in whole or in part may be afterwards redeemed or repurchased upon any terms whatsoever.
3. The Governor in Council may by regulations prescribe or provide for-
(a) conditions under which pawnbrokers' licences shall be granted or renewed or revoked;
(b) the periods referred to in section 16 hereof;
(c) fees to be paid for such licences and for the renewal of such licences;
(d) the forms of such licences;
(e) books and documents to be kept by pawnbrokers and the particulars to be noted therein;
(f) maximum rates of interest to be charged by pawnbrokers;
(g) limiting the number of pawnbrokers' shops that may be allowed in any area;
(h) the form of the pawn ticket and the particulars to be stated therein;
(i) forms to be used under this Ordinance;
(j) hours during which the business of pawnbroking may be carried on;
282
CAP: 166]
Pawnbrokers.
CHAPTER 166.
PAWNBROKERS.
Originally
16 of 1930. Fraser
16 of 1930.
23 of 1946.
23 of 1947. 57 of 1948. 22 of 1950.
24 of 1950.
Short title.
Interpretation. [ef. 35 & 33 Vict. c. 93,
s. 5.]
Regulations.
57 of 1948, s. 2,
To amend the law relating to pawnbrokers.
[17th October, 1930.]
1. This Ordinance may be cited as the Pawnbrokers Ordinance.
2. In this Ordinance-
"month" means a Chinese lunar month; "pawnbroker" includes every person who carries on the business of taking goods and chattels in pawn, or who purchases, receives or takes in any goods or chattels, and pays money for or advances money upon the same, 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 or chattels in whole or in part may be afterwards redeemed or repurchased upon any terms whatsoever.
3. The Governor in Council may by regulations prescribe or provide for-
(a) conditions under which pawnbrokers' licences shall
be granted or renewed or revoked;
(b) the periods referred to in section 16 hereof; (c) fees to be paid for such licences and for the renewal
of such licences;
(d) the forms of such licences;
(e) books and documents to be kept by pawnbrokers
and the particulars to be noted therein;
maximum rates of interest to be charged by pawn- brokers;
(g) limiting the number of pawnbrokers' shops that may
be allowed in any area;
(h) the form of the pawn ticket and the particulars to be
stated therein;
(i) forms to be used under this Ordinance;
() hours during which the business of pawnbroking
may be carried on;
282
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