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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 1965 - onwards
Version 2 of 2

17. Loans in current money.

(1) Every sum advanced by a pawnbroker in respect of goods taken in pawn by him shall be in good and lawful current money and no such sum shall be made up or completed by the inclusion of any other kind of value, benefit or payment.

(2) A pawnbroker who contravenes subsection (1) of this section shall be guilty of an offence.

(3) Where a pawnbroker is convicted of an offence under this section, the court, whether or not it imposes a penalty -

(a) shall order the sum properly due to be paid by the pawnbroker to the pawner in good and lawful current money; and

(b) may in its discretion order the pawner to repay or return to the pawnbroker the whole or any part of the other kind of value, benefit or payment given to the pawner.