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PAWNBROKERS ACT (NORTHERN IRELAND) 1954 - SECT 16

Redemption periods, etc.

16.(1) Subject to the provisions of sub-sections (2) and (3) the
redemption period shall be

(a)for a pledge pawned for a sum less than three pounds, six months;

(b)for a pledge pawned for a sum of three pounds or more, but less than five
pounds, nine months; and

(c)for a pledge pawned for a sum of five pounds or more, one year.

(2) The redemption period for any pledge made up wholly or partly of gold,
silver or other precious metal, or of any precious or semi-precious stone or
stones, shall be one year.

(3) To each of the redemption periods provided by this section there shall be
added seven days (which may be known as days of grace) during which a pledge
may not lawfully be sold or disposed of by a pawnbroker; and the days of grace
shall be deemed to be part of each redemption period.

© 1954 Crown Copyright

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