SIGN OF BETTER TIMES
LONDON PAWNBROKERS IDLE. The newest sign of the gradual return to prosperity is that London pawnbrokers are doing little business. The secretary of the National Pawnbrokers' Association said to a Sunday Express representative: "People have no need to pawn their goods now, and those who do wish to dispose of their clothes find that the poor man's banker refuses them. " Further, clothing has become so cheap during the past few months that people are able to buy new clothes for a little more than the amount they could borrow on the old ones. " Gowns worth guineas have to be sold in bundles to dealers for a few pence. " Some pawnbrokers have stopped making loans owing to the heavy losses on articles they have accepted which afterward are found to be stolen property. " It is impossible to give a round figure of losses on these articles, but it is thousands of pounds a year, and the pawnbroker has no redress."
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https://paperspast.natlib.govt.nz/newspapers/WAIPO19320730.2.46
Bibliographic details
Waipa Post, Volume 45, Issue 3210, 30 July 1932, Page 7
Word Count
163SIGN OF BETTER TIMES Waipa Post, Volume 45, Issue 3210, 30 July 1932, Page 7
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