Pawnbroking spread in popularity in Britain as a result of the Industrial Revolution, and the National Pawnbrokers Association was founded in 1892 to represent the industry. Annual interest on loans of 2s. had been increased by successive acts of Parliament from six percent in 1784 to 25 percent in 1800 and 27 percent in 1860. An English "mont de piété" was once proposed by the Salvation Army and in 1894 the London County Council considered a municipal effort, but neither came to fruition.