 Statistics for the first few years of its existence show that in the twelve years between 1777 and the Revolution, the average value of the pledges was 42 francs 50 centimes, which is double the present average.The interest charged was 10% per annum, and large profits were made upon the 16 million livres that were lent every year.Borrowing money, secured by deposited goods, was first regulated in the Low Countries in 1600.