HIRE PURCHASE IN AUSTRALIA
£247,925,000 j Owed (N.Z. Press Association-t-Com/riffbt > CANBERRA, December 27. Australians owed £247.925,000 on hire-purchase agreements at the end of October. This is a record. In October goods to the value of £29,949,000 were sold on hire purchase under 961758 agreements. The advances) by hirepurchase firms in October totalled £19,590,000. j Of the advances, (£13,288,000 was to finance the purchase of 30,355 motor-vehicles (valued at £21,773,000. Household goods to the value of £6,61(1000 were bought under 64,174 agreements under which £5,338,004 was advanced. The remaining £964,000 of advances made during October Was used to buy plant (and equipment to the value of , £ 1,560,000.
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Press, Volume XCVI, Issue 28472, 30 December 1957, Page 13
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106HIRE PURCHASE IN AUSTRALIA Press, Volume XCVI, Issue 28472, 30 December 1957, Page 13
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