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Passage brokers to enter into bond and obtain licence.
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342.—(1) A person shall not act directly or indirectly as a passage broker, unless he—
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(a) has entered, with two good and sufficient sureties approved by the emigration officer nearest to his place of business, into a joint and several bond to the Crown, in the sum of one thousand pounds; and
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(b) holds a licence for the time being in force to act as passage broker.
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(2) The bond shall be renewed on each occasion of obtaining a licence, and shall not be liable to stamp duty; it shall be executed in duplicate, and one part shall be deposited at the office of the Board of Trade, and the other part with the said emigration officer.
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(3) The emigration officer may, in lieu of two securities, accept the bond of any guarantee society approved by the Treasury.
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(4) There shall be exempted from this section—
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(a) the Board of Trade, and any person contracting with them or acting under their authority; and
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(b) any passage broker’s agent duly appointed under this Act.
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(5) If any person fails to comply with any requirement of this section, he shall for each offence be liable to a fine not exceeding fifty pounds.
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