FINANCE AND COMMERCE.

Press, Volume LXVI, Issue 20103, 5 December 1930, Page 17

FINANCE AND COMMERCE.

fIUPONjYSTEM. MEN PROTEST. -v-SffIMENT I.IKELY TO 0 TiK* ACTION. fSSBB Special Service.] ft" WELLINGTON' December 4. against the issue of Kid certificates for prizes was Hr. the Minister for Internal IE fthe Hon. P. A. de la Pcrrelle) HP*? representatives of the AssociHB|ik«tiberg c f Commerce, the Domin■Eeos' Association, the WatchIE and Jewellers' Association, the ISSLkpj Employers' Federation, pEyZale Warehouses' AssociaBCo Welling* on Retailers' Associaotbw commercial Associations. K^ B tended that the coupons had a detrimental effect on legitimate SffJ, a nd were injuring both the P®"®.j the consumer. A sympareply was given by the Minister, ■tried to place the whole matter Cabinet immediately. He said realised the seriousness of the J®? Seed, representing the Associj Chambers of Commerce, said the pushing itself into the legitiCtlannels of trading and was havS , pernicious effect, as it was inter&between the trader and the There was no guarantee of ®lnitv with the coupons or no s6 n tee of value of the goods. The Liters made a clear profit out of the ■ «Lned coupons, and the system °fbcen condemned by traders not only •L Zealand but in other countries. r'l few had gone into the system 'tatarily The Act of 1928 had been £ed to prevent the system but apt Sly there was a flaw in the legisThey asked the Government to 1 immediate steps to prevent the sroens being continued. Ihird Party Interference. ne president of the Wellington Cham's rf Commerce, Mr D. J. McGowan, Vy it was obvious that no one would m away anything for nothing and tn a third party interfered m trade H buyer had te pay. The whole thing •a pernicious and they sought Governaid in the matter. At the present juj business was bad enough without o extra profit being made from the iblic. f _ _ ['The secretary of the Employers' Fed•ation, Mr T. 0. Bishop, said the quesin had been raised at the annual contents of the Federation at which every to of trader had been represented lid a unanimous resolution had been •issed requesting the Government to tite urgent steps, to discontinue the jrstem. 'Mr de la Perrelle: I understand the biggest bugbear is the universal cerfficatet Mr Bishop 'said that their resolution Mtained a proviso that no exception ns taken to a trader giving coupons and ndeeming them with goods out of his mrastock. ('■ Mr J. Myers, representing the Wlioleliale 'Warehouses' Association, said his Association was thoroughly in sympathy with the move to,.suppress this vicious system. Although Jit had been in operation only a short period they had already tod letters from elients stating that faj were being seriously affected by &is his opinion' the whole system wteception. "In the ordinary course "•4mis a retailer gave 2J per cent. mt this now went to the unpeople. There was nothing to jwtaman with £SO or just enough #pit the coupons starting a system el to getting away with the cash bete redeeming the coupons. He representative of the New ZcaW Diapers' Federation, Mr W. Simm, aid tot his body was widely repre'BUtin and was right behind the AsHffltei Chambers of Commerce on this iffitfoi Many of the smaller traders bd adopted the system through fear of wptftion.

1L M. Eeinemann, on behalf of to Watdunakers' and Jewellers' Asso-■-M&i, raged that the Government tile the matter in hand as soon a posaile. The universal certificates Cm slready in existence and another Mpiy was starting. The coupon comS®fJ "ere having a detrimental effect :® Iks trade of the watchmakers and JtHeaand the fancy goods merchants, itsiy of the - prizes come under these i Bftgories. A number of these lines [ft! being imported into the country BP* The prizes for cigarette cer--1"®*" wore also having a serious ■fet on the jewellers' trade, and it V they were stopped.

I 4 A Worthless Act. Mturally impressed by the rePMtatiye nature of this gathering," de la Perrelle in reply, "and W that there can be no doubt that Wipon system must be having a rJP 11 ? effect on business. It was Jsprted to me yesterday that I should ! in the matter and I think j,n a!a . tel y ifeve it to me. If it is ri k? 33 'k' e 'he matter will be dealt B but if that is Possible we will have to wait until lit r?s '° D ' According to'the Crown ]. J ® ce the present Act is worthless, the importance of the iiW« ona and lam placing the J totter before Cabinet." jtmed to him that the universal particularly dangerous to ®° aie the tobacco coupons. ® e ®ber of the deputation 5, (Wp-ii € Sectors of W. D. and I» «r Were °PP ose( i to the sysfew i« ase one brand of cigarjferf , not issue the certificates ; iu ~*d been disastrous, and he lnM which had formerCS® 00 of thia brand a fortnight 1; fcl iiT BoW onl y 130 °- iWltLi- .? rrel,e that they torft 8 i m ight take a little *onM r re 8 1 il a tions into force. „?veto S ive the people an tie J t ? r re "6eming their coupons, • wou 'd be placed under <W ? J^ediateiy. Wbe t no exception ■Sn »«!? , to a trader issuing !*goods. ir them with his 8»a» i- was only another way ». ,^ ou ®t, but they strongly ® , ci garette coupons, the eer tifieates aud similar

in legal OPINION. °®sibility op action. 0f A - T " Donnelly fcS* to tL^r te ?- Was illo £ al and r ;°3ing Stamps Act iisenjjin ' E ' Kinca 'd during 01 Cant *s® system ,} y the even* Ury Chamber of Whola ' Council o T e ri ion t0 the ReOf tho Chamber. 5 "«&! A. O. Wiln S the last week

a great deal of correspondence had been received on the question of coupons, and the Council had been asked to receive a deputation. He reminded them that a remit had been passed by the Associated Chambers deprecating the growth of such gift systems. He suggested that a special committee should be set up to investigate the question and receive the deputation. -A- E. Kincaid said that he was connected with an organisation which was going into the whole system fully. IL had had an opini'on from Mr A. T. Donnelly, who said that the system was quite illegal and contrary to the Trading Stamps Act. The Crown Law Office had ruled otherwise. The organisation was now talcing steps to force a case, and the whole thing would probably be squashed.

WHEAT INDUSTRY. ADVANCES TO AUSTRALIAN GROWERS. (Received December 4th, 8.30 p.m.) CANBERRA, December 4. The Commonwealth Bank Board oi Directors lias agreed to make an advance of 2s per bushel on wheat of the present season's crop. This is equivalent to Is Gd per bushel at country sidings. LONDON QUOTATIONS. (CNITED PRESS ASSOCIATtON —BY ELECTRIC TELEGRAPH —COPYRIGHT.) LONDON, December 3. Cargoes are steady in sympathy with America, but there is little change in quotations. Parcels are in small request at occasionally threepence advance. Futures are quoted as under:— London— Per quarter. December ... •. 23/February .. .. 23/3 Liverpool— Per cental. December .. 4/11 March .. .. 5/1} May -- •• 5/35 COMPETITION FOR CHAMPIONSHIP. (UNITED PRESS ASSOCIATION—BV ELECTUIC TELEGRAPH —COPYRIGHT.) NEW YORK, December 3. Advice from Chicago states that Herman Trealle, of Wembley. Alberta, won the grand wheat championship at the International Livestock Show, exhibiting a hard, red spring wheat. Trealle wrested the victory from George Avery, of Kelso, Saskatchewan, who won the reserve championship, exhibiting Durum. Trcalle's sample was a strain oi the Marquis type, and was the heaviest sample of urain ever exhibited at the show, weighing 67.51b to the United States bushel.

PROPOSAL TO INCREASE AMERICAN TARIFF. WASHINGTON, December 3. It is learned that the Senate Agricultural Committee has been discussthe question of raising the wheat tariff, now standing at 42 cents Such, a move, while it might have a beneficial effect on political fortunes, is considered by farm experts as probably unnecessary from the economic point of view. COOK ISLANDS FRUIT. PROBLEMS OF CARRIAGE TO DOMINION. (PRESS ASSOCIATION TELEGRAM.) WELLINGTON, December 4. With .*i view to closer co-operation in the problems of the carriage of fruit from the Cook Islands to New Zealand, a meeting was held recently between representatives ot the Lmon Steam Ship Company s management and the Government Departments interested. It was presided over by the Minister for the Cook Islands. Sir Api ra that occur annually m this fruit on its arrival in New Zealand have been given Particular attention for some time past. It is believed that technical knowledge in the possession of the Go7ernm £ nt : result of scientific research by the Cambridge Low-Temperature Council, and experience cainedbytbe New Zealand Fruit Control Board in the export of fruit should be of value Hi the island fruit trade. Ar y an p®" raentc have therefore been made for representatives of the Government and the Fruit Hoard and the Union Company to confer on the q nest ion of fruit carriage. stowage, ventilation, etc in an effort to give Cook Island (ruit the best conditions of carriage that are possible under the peculiar t onditions of this trade.

economies in business. "All industry without advertisement is like a cause without a crusade," snid Jlr W. Buchanan Taylor, in an address recently in London. "Applied scientifically," he continued "advertising is a very definite economy, not only to the manufacturer and merchant, but also to the actual consumer. Advertised snoods are •renerally the best, since the idieitiser must live up to , the , cl j nms rro bv the hoard. The day hnd pa-bsed when advertising could be looked upon as an extravagan-e or a necessary ovil It was an accepted theory that n good article, properly advertised and marketed with intelligence, could be made with greater profit to the manufacturer and sold . mo re "henply (or with better quality for the mo:ie\ ) to the purchaser article which was not ndv6rtisGcl. _ . , Advertising paid for itself. It miftht be true that good goods would command a sale on merit only, but without the aid of advertising there was always the danger that in th* slow progress made these good goods would be overlooked, and a rival article projected into favour. Manv fine fiim« had gone out of business for want of a proper appreciation 3 f the value of advertising. AUSTRALIAN TARIFF SCHEDULE. CANBERRA, December 4. Amendments to the tariff schedule were introduced in the House of Representatives. In the case of wire and tobarco the duties were increased, but the excise duty on Australian-grown tobacco was reduced, the duty on kcroscne was removed, and there has been a rearrangement of duties on Baltic timber.