10. Section 24 of the principal enactment is hereby repealed, and the following new section substituted therefor: -
| 24.
| | (1) Where a pledge is destroyed or damaged by or in consequence of fire, the pawnbroker shall nevertheless be liable, on demand, within the period of redemption, to pay the value of the pledge, after deducting the amount of the loan and interest, and business turnover tax, if any, payable in respect of such loan. | | |
| | (2) Every pawnbroker shall have his business insured to the full extent of the value of the articles pawned with him." | | |
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Sri Lanka Consolidated Acts