9. Conditions subject to which licences may be granted
Feedback & supportLast amended by an amending law of 1993. 2 amendments in all.
No licence shall be granted by the Registrar to a pawnbroker in respect of any premises unless the Registrar is satisfied —
Registrar
“Registrar” means the Registrar of Pawnbrokers appointed under section 7;
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 licenced are suitable for use as a pawnbroker’s shop;
that the premises will not be used for the conduct or transaction of any business other than that of pawnbroking;
that the applicant would obtain adequate insurance against damage, theft or loss of articles that may be pawned with him; and
that the applicant has deposited with the Accountant-General a sum of $20,000 as security for the proper conduct of his business under the licence.
The Registrar may, in his discretion, refuse to grant or renew a licence in respect of any applicant or any premises without assigning any reason.