THE “MONTE DE PIETE”
ONE AND A-HALF CENTURIES OLD The Paris ‘‘Monte de Piete, M or city pawnshop, is 150 years old but there will be no birthday party. It is, officially, the Credit Municipal and unofficially “My Aunt,’' merely a change in gender from the American appelation. Private pawnshops are forbidden in France and the. public loan institutions are supervised by the authorities to insure honest and efficient administration. Pension claims are accepted as collateral for loans at only 1 per cent, a year, but other loans are at 8 per cent. At Toulouse and other cities loans arc made without interest. The only innovation of recent years has been the acceptance of automobiles “in hock. ”
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Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 20127, 21 April 1928, Page 14 (Supplement)
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117THE “MONTE DE PIETE” Wanganui Chronicle, Volume LXXXIII, Issue 20127, 21 April 1928, Page 14 (Supplement)
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