Sot

Forfeiture
of pledges

under $-f.80,

Pledge.
above $4.80
tedecmable
until sale,

Ch. 31. No. 12.| Paionbrokers.

(2) Ifa pawnbroker fails in any respect to comply with
the requisitions of this section, he shall be guilty of an
offence.

Pawning: Redemption: Sale.
10. A pawnbroker shall, on taking a pledge in pawn, give
to the pawner a pawn-ticket, and shall not take a pledge in
pawn unless the pawner takes the pawn-ticket.

11. (1) A pawnbroker may take profit on a loan on a
pledge at a rate not exceeding that specified in the Second
Schedule hereto.

(2) A pawnbroker may demand and take the charges
specified in the Second Schedule in the cases, and according
to the rule. therein stated and preseribed,

(3) A pawnbroker shall not, in respect of a loan ona
pledge, take any profit, or demand or take any charge or
sum whatever, other than those specified in the Second
Schedule.

(4) A pawnbroker shall, if required at the time of
redemption, give a receipt for the amount of loan and profit
paid to him,

12. Ievery pledge shall be redeemable within” twelve
months from the day of pawning, exclusive of that day;
and there shall be added to that year of redemption seven
days of grace, within which every pledge (if not redeemed
within the year of redemption) shall continue to be redeem-
able.

13. A pledge pawned for $4.80 or under, if not redeemed
within the year of redemption and days of grace, shall, at
the end of the days of grace, become and be the pawnbroker’s
absolute property.

14. A pledge pawned for above $4.80 shall further con-
linue redecmable until it is disposed of as in this Ordinance
provided although the year of redemption and days of grace
are expired.