Licences to
be taken
by money
lendets.

Ch. 31. No. 11. | Monevlender,

primary object the lending ef money in the course
of which and for the purposes of which he lends money:

principal means in relation to a dean the amount
actually Tent to the borrower

(2) Nothing imi this Ordinance shall be decmed. to
apply te pawnbrokers licensed under the Pawnbrokers
Ordinance

(3) Nothing in this Ordinance shall be deemed to
require the Heensing, as monevlenders, of the following,

(a) bankers heensed under the Bankers Licence.
and Bank Note Ordinance, er the Alien Bankers
Ordin:

) soctetie. registered under the Friendly Societie.
Ordinanee, or the Building Societies Ordinance, or
the Agricultural Credit) Societie. Ordinance. or the
Agricultural Co-operative Societies Ordinance

(c) any body corporate, Incorporated or empowered
by special Ordinance to lend money in accordance
with such Ordinance

(@) any person or body corporate sxempted by the
Governer ta Council,

3. (1) Every monevilender, whether carrying on busine.

Alone or partner ing firm, shall take out annually in
respect of every addre. at which he carries on his busine. .
such, lieenee (ine this Ordinance reterred to as

monevlender’s leence “J, which shall expire on the 31st of
December ext after it is) granted. and there shall be
charged on every moneviendet’s Heence a fee of S4.80°

Provided: that: where monevienders’ licenee. are taken
out by two or more monevlenders in respect of any address

or addre. atowhiech they carry on their business as
partners ina firm, the Commissioner of Inkand Revenue shall
remit W the duty has been paid, repay, to the firma

sum equal to the aggregate of the duties charged on such
number of the licences taken out as exceeds the number of
the addre. +s in respect of which they are taken out.

(2) Subject to the provisions of this Ordinance,
moneylenders’ licences shall be in such form as the Com-
missioner of Tnland Revenue mav direct .and shall be granted