Schedule C., part 5, The Auctioneers Ordinance (1895)

(5) If the seller or any person employed by him or on his behalf shall bid at any sale contrary to any of the provisions of this section, any purchaser may refuse to fulfil his purchase, but the highest *bona fide* bidder shall be entitled, if he shall so elect, to have the real or personal property at the price offered by him. Consequence of seller bidding in preceding cases. (6) Any auctioneer who shall knowingly receive any bidding contrary to any of the provisions of this section, shall be liable to a penalty not exceeding fifty pounds. Penalty on auctioneer. 2346 Cap. 224] Auctioneers Recovery of purchase money by auctioneer. Employment does not authorise private sale. Remunera- tion in general. Where property bought in. Agreements for higher rates void. Penalty to be levied. Suspension or revocation of licence. 14. The auctioneer making any sale by auction shall (unless it be agreed otherwise between him and the seller) be entitled to sue for, recover and discharge all sums due in respect of such sale. The auctioneer shall (unless it be agreed otherwise between him and the seller) be liable for the due payment to the seller of the net proceeds of all sales of property within ten days from the time of sale of such property. 15. The employment of any auctioneer to sell by public auction does not authorise him, in case the public auction proves abortive, to sell the property by private contract. 16. (1) The remuneration of any auctioneer for selling any property by auction shall in no case exceed five pounds per centum on the gross amount of such sale. (2) If any property exposed for sale is bought in by or on behalf of the owner the remuneration of the auctioneer shall not exceed three pounds per centum on the amount at which the same has been bought in, if the said amount be under one hundred pounds, or two pounds per centum if above that sum. (3) No agreement to pay or allow any higher rates than in this section mentioned shall be binding, and any auctioneer who shall receive or retain out of the proceeds of any sales any higher rates shall be liable to a penalty of twenty pounds.