« PreviousContinue »
Trees, and of Trees and Underwoods; and for the further Preservation of
regulating the Business of Pawnbrokers. [28th July,
his present Majesty, intituled, An Act for regulating the Trade or ' Business of Pawnbrokers, which was to be in force for three whole
39 and 40 and from thence until the end of the then next session of Parliament,
and George III. no longer : And whereas it is expedient that provision should be made
c. 99. 'for more effectually regulating the trade or business of pawnbrokers, from the time when the said Act will expire:' May it therefore please your
36 G. 3. c. 87. Majesty that it may be enacted; and be it enacted by the King's most recited, and excellent Majesty, by and with the advice and consent of the Lords Spi
continued till ritual and Temporal, and Commons, in this present Parliament assembled, session only.
the end of this and by the authority of the same, That the said Act, passed in the thirtyVol. VIII.
sixth year of the reign of his present Majesty, for regulating the trade or
business of pawnbrokers, shall be, and the same is hereby declared to be in 39 and 40
full force and effect until the expiration of the present session of ParliaGeorge III. ment, and from and after such expiration this Act shall commence and
take effect, and be put in execution, instead of the said recited Act.
II. And be it further enacted, That upon and from the commencement Pawnbrokers
of this Act, it shall be lawful for all persons using and exercising the trade allowed to take or business of a pawnbroker, to demand, receive, and take of and from all certain rates.
and every person and persons applying or offering to redeem any goods or chattels pawned or pledged with such pawnbroker, a profit, after the following rates, over and above the principal sum and sums which shall have been i lent and advanced upon the respective pledge or pledges, before any such
pawnbroker shall be obliged to re-deliver the same; (videlicet,) Rates.
Ifan For every pledge upon which there shall have been lent any sum not exceeding two shillings and sixpence, the sum of one halfpenny for any time during which the said pledge shall remain in pawn not exceeding calendar month, and the same for every calendar month afterwards, inchita Core ing the current month in which such pledge shall be redeemed, although, such month shall not be expired:
For every pledge upon which there shall have been lent the sum of five own shillings, one penny:
For every pledge upon which there shall have been lent seven shilling and sixpence, one penny halfpenny:
of po For every pledge upon which there shall have been lent ten shillings twopence:
For every pledge upon which there shall have been lent twelve shillings and sixpence, twopence halfpenny:
For every plexige upon which there shall have been lent fifteen shillings,bena threepence: For every pledge upon which there shall have been lent seventeen shile
the lings and sixpence, threepence halfpenny :
For every pledge upon which there shall have been lent one pound, four mes pence: and so on progressively and in proportion for any sum not exceed ing forty shillings:
For every pledge upon which there shall have been lent any sum of moal ney exceeding forty shillings and not exceeding forty-two shillings, eight pod pence:
And for every pledge upon which there shall have been lent any sum ex-phoceeding forty-two shillings and not exceeding ten pounds, at and after the last rate of threepence and no more (1), for the loan of every twenty shilling for all such money so lent, by the calendar month, including the current month; and so in proportion for any fractional sum:
IP Which said several sums shall be taken in lieu of and as a full satisfaction ook
for all interest due, and charges for warehouse room. When the in termediate
III. And be it further enacted by the authority aforesaid, That in all ed sum lent ex
cases where any intermediate sum lent upon any pawn or pledge shall exter ceeds 2s.61.
ceed the sum of two shillings and sixpence and not exceed the sum of forty jera but does not shillings, the person lending the same shall and may take, by way of profile exceed 10s. the as aforesaid, at and after the rate of fourpence and no more, for the loan rate of 4d. for of twenty shillings by the calendar month, including the current month as he the loan ot' 20. aforesaid.
ilous by the month IV. Provided always, and be it further enacted, That in all cases wherekee to be paid. the sum to be demanded, received, and taken by any pawnbroker or pawnsiut Pawnbrokers brokers, his, her, or their servant or agent, of and from any person or per les to give tar.
sons applying or offering to redeem any goods or chattels pawned or pledged a things in with such pawnbroker or pawnbrokers, either as profit upon any sum lent
, on change.
or as part principal and part profit, shall amount to a total sum of which av
(1) The taking a greater rate subjects the pawnbroker to the penalties imposed by section 26; and the allowance of the specified
rates is not merely a dispensation from the law of tisury. Rex v. Beard, 12 E, 673.