Australian H.P. Debt Down
(N.Z. Press Assn.—Copyright) CANBERRA. Sept. 20.
Australia's hire-purchase debt dropped to £393 million at the end of August. It was the first time since the end' of 1959 that the amount owed by Australians on hire - purchase agreements stood at less than £4OO million. Provisional figures issued today by the Commonwealth Statistician (Mr S. R. Carver) showed that the debt has fallen by more than £5O million since the Federal Government introduced credit restrictions last November. Until then it had risen every year.
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Bibliographic details
Press, Volume C, Issue 29625, 22 September 1961, Page 8
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87Australian H.P. Debt Down Press, Volume C, Issue 29625, 22 September 1961, Page 8
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