JB/149/017/002

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brokers at present within the Bills of Mortality who pay a ten pound
License. — Many of these are Interested in different Shops and deal largely
in Old Metals such as Copper Pots, Saucepans, Kettles, Flat Irons &c which
fall into their hands as forfeited Pledges upon which trifling Sums have
been advanced and in such Articles their Dealings in some instances are
more extensive than some Iron Shops. It is therefore reasonable and fair
that they should take out Licenses as Dealers in Old Metal besides the License
for selling unredeemed Pledges otherwise than by Public Auction, which goes
to an immense extent and is extremely productive of Money for it is
well known that forfeited Pledges under ten Shillings Value form a
considerable part of the Trade of Pawnbrokers and upon which they frequently
clear from 100 to 150 P Cent as may be well conceived from the
opulence of many of them — If such Pawn Brokers chuse to sell those
pledges by public Auction as in Cases where the Value is above ten
Shillings then the License proposed by this Bill will not be chargeable
as in this Case an equivalent or greater Sum would go into the Exchequer
from the Auction Duty but this they would not chuse to do and while
as at present they add to their large profits as Pawnbrokers the additional
advantages derived from being Salesmen of Goods obtained at perhaps
one third of their Value as well as dealers in old Metals it is very reasonable
that for the Liberty of exercising these additional Trades
(where they do so) they should equally contribute to the public
exigencies in proportion to others enjoying no greater priviledge and it
is equally reasonable upon every Ground of expediency that such persons
should be Licenced by Magistrates under the regulation of this Act. —
Looking at the Nature of the Business carryed on by these People it
is certainly much to be Lamented that at present any person that
can command ten Pounds to pay at the Stamp Office for a License
to carry on the Trade of a Pawnbroker can and must obtain it not

Identifier: | JB/149/017/002 "JB/" can not be assigned to a declared number type with value 149.
Date_1		Marginal Summary Numbering
Box	149	Main Headings
Folio number	017	Info in main headings field
Image	002	Titles	itinerant dealers in wearing apparel &c / pawnbrokers selling forfeited pledges by private sale / wholesale dealers in old iron and metals
Category	copy/fair copy sheet	Number of Pages	4
Recto/Verso	recto	Page Numbering	f9 / f10 / f11 / f12
Penner		Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	49871
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