Is carried on to a very great extent in China. The system seems divided
into two parts; one branch affording aid to those in the very inferior
walks of life, and chiefly confined to very small advances; the other
granting loans upon deposits of higher value, and corresponding with
similar establishments in England. These are authorized by the
government; but there are others, we are informed, that exist without
this sanction, and are directed to the relief of the mercantile
interest. These assimilate very nearly to the late project in London of
an Equitable Loan Company, making advances upon cargoes and large
deposits of goods.
These houses are as conspicuously indicated, by an exterior sign over
the door, as our shops in England are by the three golden balls; but,
whether they indicate the same doctrine of chance as to the return of
property, we will not pretend to say. Three years are allowed to redeem,
with a grace of three months.