Hong Kong Ordinances

MONEY LENDERS ORDINANCE - SECT 12

Effect and duration of licence

Every licence shall authorize the person named therein to carry on business as
a money lender for a period of 12 months from-

   (a)  in the case of a licence granted under section 11, the day on which it
        is so granted; and

   (b)  in the case of a licence renewed under section 13, irrespective of
        whether the renewal of the licence was made prior to, upon or after
        its expiration, and notwithstanding section 13(5), the day immediately
        following the day on which it would have, but for its renewal, or has,
        as the case may be, expired. (Replaced 69 of 1988 s. 11)