Section 23Part 6 — Delivery up of Pledge
Liability of pawnbroker in case of fire
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Where a pledge is destroyed or damaged by or in consequence of fire, the pawnbroker shall nevertheless be liable, on application within the period during which the pledge would have been redeemable, to pay the value of the pledge, after deducting the amount of the loan and profit, such value to be the amount of the loan and profit, and twenty-five per cent on the amount of the loan.
A pawnbroker shall be entitled to insure to the extent of the value so estimated.