The Pawnbrokers Act, 1964, is hereby amended by the substitution for sections 7 to 10 of the following sections:
"7. Prohibition of carrying on the business of pawnbroker without licence.
(1) A person shall not carry on the business of a pawnbroker at any premises unless he is the holder of a licence which is in force in respect of those premises.
(2) A person who contravenes this section shall be guilty of an offence.
8. Pawnbroker's licence.
(1) The Director may grant to a person a licence ('a pawnbroker's licence') upon such terms and conditions as he sees fit to a person to carry on the business of pawnbroker at a particular premises.
(2) An application for a licence shall be in writing and in such form as the Director may determine and shall be accompanied by a fee of £1,000 or such other amount as may stand specified in regulations made by the Minister.
(3) The Director may refuse to grant a licence on one or more of the following grounds, namely, that -
(a) satisfactory evidenc
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