LIMIT OF CREDIT.
Fertiliser Companies in
Australia.
MORE THAN £2,000,000 OWING.
(Received 11.30 a.m.)
SY.DNFA r , this day.
A serious position is arising in the fertiliser industry owing to the succession of unfavourable seasons. During the last few years companies engaged in this business had to extend the utmost consideration to their customers. The limit of credit has now been reached, and some new basis of finance must be arranged for the planting season this year.
Recent statements of accounts issued by the principal companies show that their outstanding accounts with storekeepers or farmers amount to £2,000,000. Many of the accounts have been owing for three years.
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Bibliographic details
Auckland Star, 2 January 1931, Page 7
Word Count
107LIMIT OF CREDIT. Auckland Star, 2 January 1931, Page 7
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Acknowledgements
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