Pawnbrokers. |Ch. 31. No. 12.

after deducting the amount of the loan and prolit, such
value to be the amount agreed upon between the pawner
and the pawnbroker at the tume of pawning and declared to
be the value on the ticket, and if not so declared at the time
of pawning such value to be the amount of the loan and
profit and fifty per centum on the amount of the loan.

(2) A pawnbroker shall be entitled to insure to the
extent of the value so declared, and if not so declared to the
extent of the loan and profit and fifty per centum on the
amount of the loan.

23. [f a person entitled and offering to redeem a pledge
shows to the satisfaction of a Magistrate that the pledge has
become or has been rendered of less value than it was at the
time of the pawning thereof by or through the default,
neglect, or wilful misbehaviour of the pawnbroker, such
Magistrate may, if he thinks fit, award a reasonable satis-
faction to the owner of the pledge in respect of the damage,
and the amount awarded shall be deducted from the amount
payable to the pawnbroker, or shall be paid by the pawn-
broker (as the case requires) im such manner as such
Magistrate shall direct, and in default of payment of any
amount which such pawnbroker may be directed to pay,
he may be imprisoned for thirty days.

24. (1) The following provisions shall have effect for
protection of owners of articles pawned, and of pawners
not having their pawn-tickets to produce,

(a) any person claiming to be the owner of a pledge &

but not holding the pawn-ticket, or any person claiming
to be entitled to hold a pawn-ticket but alleging that
the same has been lost, mislaid, destroyed, or stolen
or fraudulently obtained from him, may apply to the
pawnbroker for a printed form of declaration, which
the pawnbroker shall deliver to him;

(6) if the applicant delivers back to the pawnbroker
the declaration duly made before a Justice by the
applicant and by a person identifying him, the applicant
shall thereupon have, as between him and the pawn-
broker, all the same rights and remedies as if he

55 (2)

867

Compensa-
tion Yor de-

prec‘ation
of pledge.

Protection
of owners
and of
pawners not
having
awn-
tickets