Licensing of Dealers
LICENSING OF DEALERS (PRECIOUS METALS
AND STONES) ACT

CHAPTER 84:06

LAWS OF TRINIDAD AND TOBAGO

Act
11 of 1945
Amended by
3 of 1994
6 of 2014

Current Authorised Pages
Pages Authorised
(inclusive) by L.R.O.
1–8 ..

L.R.O. UNOFFICIAL VERSION


UPDATED TO DECEMBER 31ST 2014

MINISTRY OF LEGAL AFFAIRS www.legalaffairs.gov.tt

Note on Subsidiary Legislation
This Chapter contains no subsidiary legislation.

Note on Adaptation
Certain fees in this Chapter were increased by the Commission under paragraph 4 of the
Second Schedule to the Law Revision Act (Ch. 3:03). Where this occurs, a marginal
reference in the form normally indicating an amendment is made to LN 51/1980 (the Legal
Notice by which the President’s approval was signified).

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Licensing of Dealers

LAWS OF TRINIDAD AND TOBAGO

UNOFFICIAL VERSION


UPDATED TO DECEMBER 31ST 2014

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(Precious Metals and Stones) Chap. 84:06 3
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L.R.O.

CHAPTER 84:06

LICENSING OF DEALERS (PRECIOUS METALS
AND STONES) ACT

ARRANGEMENT OF SECTIONS
SECTION
1. Short title.
2. Interpretation.
3. Dealers to be licensed.
4. Licences.
4A. Dispute resolution.
4B. Appeals from decisions of licensing committee.
5. Signboard.
6. Dealers to keep books.
Times for dealing.
Persons under sixteen years.
7. Power of entry and inspection.
8. Goods purchased to be kept for ten days.
Exemption.
9. Failing to give information to Police.
10. Penalties.
11. Licence may be cancelled on conviction.
12. Appropriation of moneys.

FIRST SCHEDULE.
SECOND SCHEDULE.
THIRD SCHEDULE.

UNOFFICIAL VERSION


UPDATED TO DECEMBER 31ST 2014

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1950 Ed.
Ch. 30. No. 14.
11 of 1945.
Commencement.

Short title.

Interpretation.
[6 of 2014].

Ch. 84:10.

Dealers to be
licensed.

Licences.
[51/1980
3 of 1994
6 of 2014].

First Schedule.

CHAPTER 84:06

LICENSING OF DEALERS (PRECIOUS METALS
AND STONES) ACT

An Act relating to the Licensing of Dealers and Sale of
Precious Metals and Stones.

[15TH JUNE 1945]

1. This Act may be cited as the Licensing of Dealers
(Precious Metals and Stones) Act.

2. In this Act—
“licensing committee” means a licensing committee established

under the Liquor Licences Act;
“precious metals” include bullion, platinum, gold and silver

coins, and jewellery made from same;
“stones” include diamonds, rubies and precious and semi-

precious stones.

3. No person shall carry on the business of a dealer in
precious metals and stones unless he has previously taken out a
licence under this Act.

4. (1) Licences under this Act shall be granted by and at
the discretion of the licensing committee of the district in which
the premises to be licensed are situated.
(2) No such licence shall be granted without the
previous report of the Police Officer in charge of the division in
which the premises to be licensed are situated, and before the
expiration of twenty-one days at least after application in writing
has been made to the licensing committee.
(3) Such licences shall be in the Form in the First Schedule,
and shall be annual licences terminating on the 31st December of the
year for which they are granted. A fee of two hundred dollars shall
be paid to the licensing committee for each such licence.

4 Chap. 84:06 (Precious Metals and Stones)
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UNOFFICIAL VERSION


UPDATED TO DECEMBER 31ST 2014

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(Precious Metals and Stones) Chap. 84:06 5
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L.R.O.

Dispute
resolution.
[6 of 2014].

Appeals from
decisions of
licensing
committee.
[6 of 2014].

Signboard.

Dealers to keep
books—
Second
Schedule,
Third Schedule.

Times for
dealing.

Persons under
16 years.

4A. (1) Where an objection to the grant of a licence is made, a
licensing committee shall meet with the applicant and the objector
to assist them in reaching a mutually acceptable resolution.
(2) Where the parties fail to agree to a resolution, the
matter shall be heard by a Magistrate assigned for duty in the
magisterial district.
4B. (1) A person aggrieved by a refusal of a licensing
committee to grant a licence may apply in writing to a Magistrate
for a review of the decision.
(2) A person aggrieved by an order of a Magistrate
under subsection (1) or section 4A(2) may appeal from the
decision to the Court of Appeal.
5. Over one of the principal entrances to the premises
licensed under this Act there shall be placed a board on which
shall be printed, in legible letters of at least two inches in length,
the name in full of the person holding the licence and the words
“Licensed dealer in precious metals and stones.”
6. (1) Every person licensed under this Act shall keep his books
in the Forms in the Second and Third Schedules, and he shall legibly
enter in ink in the appropriate book, the date and hour of the day when
any precious metals or stones are purchased, received or sold, the name
in full, and the residence and occupation of the person from whom any
such metals or stones are purchased, or received, and to whom any such
metals or stones are sold, and in the case of an agent, the name and
address of the principal, the quantity purchased, received or sold, and
the price paid or received for the same. Every such entry shall be made
at the time of the sale, purchase, or dealing, and shall be signed by the
vendor or his agent and the licensee or his agent.
(2) No such person shall purchase or receive any such
precious metals or stones except between the hours of seven
o’clock in the morning and six o’clock in the evening.
(3) No such person shall purchase or receive any
precious metals or stones from any person apparently under the
age of sixteen years.

UNOFFICIAL VERSION


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Persons under
16 years.

Power of entry
and inspection.

Goods
purchased to be
kept for ten
days.

Exemption.

Failing to give
information to
Police.

Penalties.
[6 of 2014].

(4) No such person shall employ any servant or apprentice
or other person under the age of sixteen years to purchase or receive
such precious metals or stones.

7. Any constable at any time when the licensed premises
are open for business may inspect any such book as mentioned
above and all precious metals and stones in the premises of any
licensee under this Act; and the licensee, or his representative, or
the person in charge of the premises, or the person in whose
custody or charge the book, precious metals or stones may be, or
the person who has made any entry in the book with respect to
which any such constable may desire to ask any questions, shall
permit the constable to inspect the book, precious metals and
stones, and shall answer all such questions as shall be asked by
the constable with reference to the book, precious metals or
stones or any of the entries or contents of the book.

8. All precious metals and stones purchased or received by
a licensed dealer shall be kept in the licensed premises and shall
not in any way be changed in form or shape or disfigured for a
period of at least ten days after the precious metals and stones
have been purchased or received. However, the officer of Police
in charge of the division in which the licensee carries on his
business may, in his discretion, on the application of any licensee,
grant a permit for the shipment or alteration in form or shape of
any such precious metals or stones without the same having been
kept for the period of ten days.

9. Every person licensed under this Act who, after notice
has been given to him by any constable or by advertisement in the
Gazette that any precious metals and stones have been stolen or
fraudulently obtained, fails to give information to the Police that
articles of the like description were offered to him or were or are
in his possession, is guilty of an offence against this Act.

10. Any person who does or omits to do anything which is by
this Act forbidden or required to be done, or assaults, resists,
opposes, hinders, prevents or obstructs any person acting under

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UNOFFICIAL VERSION


UPDATED TO DECEMBER 31ST 2014

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(Precious Metals and Stones) Chap. 84:06 7
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L.R.O.

and by the authority of this Act, or in any way violates or assists
in, or be party to, the violation of any of the provisions of this
Act, or is guilty of any offence against this Act, is liable on
summary conviction to a fine of fifteen thousand dollars and to
imprisonment for three years.

11. When any person licensed under this Act is convicted of
any offence against this Act, the Court, if it sees fit, may cancel
the licence of such person.

12. All moneys received for licences, and all penalties
recovered under this Act shall be paid to the Comptroller of
Accounts.

Licence may be
cancelled on
conviction.

Appropriation
of moneys.

Section 4(3).
[51/1980
3 of 1994].

FIRST SCHEDULE
FORM OF LICENCE

A.B, having this day paid the sum of $200.00 is hereby authorised and
licensed to deal in precious metals and stones at in accordance
with the provisions of the Licensing of Dealers (Precious Metals and
Stones) Act.
This licence expires on the 31st December, 20 .

C.D.

Magistrate.

Dated at this day of 20 .

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SECOND SCHEDULE
RECEIPT BOOK

THIRD SCHEDULE
DELIVERY BOOK

8 Chap. 84:06 (Precious Metals and Stones)
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LAWS OF TRINIDAD AND TOBAGO

Oc
cu
pa
tio
n

Description
of ArticlesAddress

Name and
address of
Principal W

eig
ht

Pr
ice

Signature of
Licensee or
Agent

Name of
PurchaserHo

ur
Da
te

Oc
cu
pa
tio
n

Description
of Article
purchased

Residence
Name and
address of
Principal W

eig
ht

Pr
ice

Signature of
Seller and
Licensee

Name in full
of SellerHo

ur
Da
te

Section 6(1).

Section 6(1).

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