OPINIONS VARY

Evening Post, Volume CVII, Issue 56, 9 March 1929, Page 11

OPINIONS VARY

CASH ORDER TRADING

(By Telegraph.—Press Association.)

CHEISTCHUECH, Sth March,

The Hon. J.i G. Cobbo continued his inquiry into the cash order system today: He" heard, four witnesses—three' ijii favour" of. the system and one against it. Of the three'who favoured the system, pno was a director of a boot importing firm, one a director of a soft goods warehouse, and one the managing director of:'a drapery firm. The fourth; who opposed the system, was Mr. W. Maehin, manager ,of the New Zealand Farriers'.. Co-operative Association,- 'iit& :'i.'."',"'.:". r\' ..; ' ■";'"•'

.; .Fir the;.;sysiem,. L witnesses . argued 'that it...was", a ;safe, form ' 6f trading, good for the. -seller.:.and helpful to the buyer. ' All said their cash order trade did 'not exceed 1Q -per' cent, of ..the total. Jf. it.. increased, greatly they would.have,.to..;iijcr.eas'.e prices to provide., f.pr'th;e',":heavy;'dis.6ottnta 'allowed ;cash;order'companies.;,'.'': ; , , :.:Oiie. witness said".-big,drapery.houses were' trying'to destroy the system,becauso. it helped, rtheir. weaker rivals.

' Mr, Machih declared the "system, was really a money-.lending system, and was .unsound, trading. H6 said there waa, litj,le;. cash; ord.?.;-., ..trading.. in • Canterbury.;, . ;., .' ;.'.'.;;, . ;,: ■ . ..../;