Hong Kong Regulations

PAWNBROKERS REGULATIONS - REGULATION 9

Conditions to which licence is subject

The conditions to which a licence is subject under section 8(1) of the
Ordinance are as follows-

   (a)  the pawnbroker shall comply with section 101(3) of the Criminal 
        Procedure Ordinance ( Cap 221)(which section requires that where the
        pawnbroker has reasonable cause to suspect that any property which is
        being offered or delivered to him in pawn is stolen property, he
        shall, if he can in all reasonable safety do so, apprehend the person
        offering the same, and shall take possession of the property so
        offered) and if he does so, shall thereafter immediately inform the
        nearest police station;

   (b)  the pawnbroker shall during the continuance of his licence carry on no
        trade or occupation at his place of business other than that of a
        pawnbroker and of the sale of goods that have become the property of
        the pawnbroker under the Ordinance;

   (c)  the pawnbroker shall cause to be painted and kept painted in large and
        legible English letters and Chinese characters, over the door of his
        place of business, his or his firm's name at length, with the addition
of the word "Pawnbroker" after the English name and the character "押" after
the Chinese name; and

   (d)  the pawnbroker shall maintain, in a conspicuous place at his place of
        business, a clearly legible sign in both English and Chinese stating-

        (i)    the rate of interest on loans specified in the Second Schedule
               to the Ordinance; and

        (ii)   that the liability of the pawnbroker under section 22 of the
               Ordinance for any loss or damage shall not exceed, in respect
               of any one article pawned, the sum specified in the First
               Schedule to the Ordinance, such sum being set out in figures.