Clause 6

by deleting subsection (3) thereof and substituting therefor the following: —“(3) Every moneylender shall submit to the Registrar a statement in such form as the Registrar may require showing his cash and loan position for each quarter of the year not later than the end of the second week of the next ensuing quarter.(3A) Every moneylender shall, when so required by the Registrar, account for or explain any item or particulars appearing in the statement submitted to the Registrar under subsection (3) of this section.”; and

by deleting subsection (6) thereof and substituting therefor the following: —“(6) Any person who fails to comply with the requirements of this section or any requisition made by the Registrar under subsection (3A) of this section shall be guilty of an offence under this Act and shall be liable on conviction to a fine not exceeding one thousand dollars and in the case of a continuing offence to a further fine not exceeding one hundred dollars for each day or part thereof during which the offence is continued after conviction.”.