the-ordinances-of-the-legislative-counci-1890 — Page 484

448 ORDINANCE No. 3 OF 1860.


Pawnbrokers.


No. 3 of 1860 .

An Ordinance for amending and consolidating the Law respect
ing Pawnbrokers.

[ 16th April, 1860. ]

it enacted and ordained by His Excellency the Governor of Hong
BE
kong, withthe advice of the Legislative Council thereof, as follows :

Repeal of 1. Ordinance No. 11 of 1858 is hereby repealed, and also sections
Ordinance
No.11 of 1858 , 17 , 28 , 29 , and 30 , of No. 14 of 1845 , so far as the same concern or relate
and certain
sections of to pawnbrokers .
No. 14 of 1845.
Pawnbrokers' 2. No person shall use or exercise the trade or business of a pawn
licences.
broker unless he be then the holder of a pawnbroker's licence .
Licences to be
3. Every such licence shall be granted by and at the discretion of
granted by
the Governor His Excellency in Executive Council , on such conditions , touching fees or
in Council.
otherwise, as shall be deemed meet ; and the same shall endure for one
year only, but may be renewed at the like discretion from year to year.

Pawnbrokers 4. No such pawnbroker shall , during the continuance of his said
to carry on no
other trade on licence, carry on any other trade or occupation in his place of business as
the same pre
mises. such pawnbroker, except that of pawnbroking, and the sale of pledges
forfeited under the provisions of this Ordinance.
Name and 5. He shall cause to be painted and kept painted in large and legible
calling of
pawnbroker English letters and Chinese characters , over the door of his said place of
to be painted
over place of business, his name at length, and after his name the word " Pawnbroker."
business.
Inspection of 6. He shall, whensoever thereunto required by the Superintendent
goods, books,
& c. of Police, or any Inspector of Police, or by any other member of the Police
Force bearing a written order in that behalf under the hand of the said
Superintendent, produce for the inspection of the party so requiring him
all or any goods pledged or deposited with him, and all books and papers
relating to the same.
Interest on 7. Over and above the principal monies lent upon any goods , pawned
loans.
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 shall have been agreed upon at the time of the making of the said
loan ; which said principal monies and interest shall be taken in full satis
faction of all charges for or incident to the loan to which the same relate :
Provided nevertheless, that the first month's interest shall be deemed to