854

Restrictions
on monev-
lending
advertise-
ments.

Ch. 31. No. 11.] Moneylenders.

moneylender shal] be liable to a fine of five dollars for every
day on which the default continues.

20. (1) No person shall knowingly send or deliver or
cause to be sent or delivered to any person except in
response to his written request any circular or other docu-
ment advertising the name, address or telephone number
of a moncylender, or containing an invitation—

(a) to borrow money from a moneylender ;

(6) to enter into any transaction involving the
borrowing of money from a moneylender ;

(c) to apply to any place with a view to obtaining
information or advice as to borrowing any money
from a moncylender.

(2) Subject as hereinafter provided, no person shall
publish or cause to be published in any newspaper or other
printed paper issued periodically for public circulation, or
by means of any poster or placard, an advertisement
advertising any such particulars, or containing any such
invitation, as aforesaid:

Provided that an advertisement in conformity with the
requirements of this Ordinance relating to the use of names
on moneylenders’ documents may be published by or on
behalf of a moneylender in any newspaper or in any such
paper as aforesaid or by means of a poster or placard
exhibited at any authorised address of the moneylender,
if it contains no addition to the particulars necessary to
comply with the said requirements, except any of the
following particulars, that is to say, any authorised address
at which he carrics on business as a moncylendcr and the
telegraphic address and telephone number thereof, any
address at which he formerly carried on business, a state-
ment that he lends money with or without security, and of
the highest and lowest sums that he is prepared to lend, and
a statement of the date on which the business carried on by
him was first established.

(3) Where any document issued or published by or
on behalf of a moneylender purports to indicate the terms
of interest upon which he is willing to make loans or any
particular loan, the document shall either express the
interest proposed to be charged in terms of a rate per