Singapore legislation
Clause 5
Clause 5
Repeal and re-enactment of section 9
Section 9 of the Pawnbrokers Act is hereby repealed and the following substituted therefor: —“Conditions subject to which licences may be issued9.—
No licence shall be issued by the Registrar to a pawnbroker in respect of any premises unless the Registrar is satisfied —
that the applicant is of good character and is a fit and proper person to carry on the business of pawnbroking;
that the premises to be licensed are structurally adapted for use as a pawnbroker’s shop and are in all other respects suitable for that purpose;
that the premises will not be used for the conduct or transaction of any business other than that of pawnbroking; and
that the applicant has deposited with the Accountant-General a sum of five thousand dollars as security for the proper conduct of his business under the licence.(2) The Registrar may in his discretion refuse to issue or renew a licence in respect of any applicant or any premises without assigning any reason therefor.”.