Pawnbrokers Act, 1964

FIFTH SCHEDULE

Interest and Charges

Sections 20 (1) (2), 28(1), 32.

PART I

Maximum rate of interest on loans

1. The maximum rate of interest shall be one halfpenny per month for every two shillings of the loan.

2. For the purposes of paragraph 1—

(a) where the term of the loan is less than one month, it shall be reckoned as one month,

(b) where the term of the loan is more than one month but is not an even multiple of one month, the odd fraction of a month shall, if it exceeds seven days, be reckoned as one month; if it does not exceed seven days, it shall be disregarded,

(c) where the loan is less than two shillings, it shall be reckoned as two shillings,

(d) where the loan is not an even multiple of two shillings, the odd fraction of two shillings shall be disregarded.

PART II

Charge on Pawn-ticket

In respect of each pawn-ticket _______ two pence.

PART III

Charge on valuation of pledge

Where the loan is ten pounds or under, for valuation fee on each five shillings or part of five shillings lent _______ two pence.

PART IV

Charge on inspection of Sale Book and Auctioneer's Catalogue

For the inspection of the entry of a sale _______ six pence.

PART V

Charge on Form of Declaration

For a form of declaration _______ six pence.