IN LIQUIDATION.
A firm importing foreign-made goods recently went into liquidation, as .'a'; result, it is said, of the activities of the "Buy New Zealand-made Goods; League," and the figures published "provide ample data upon which to base a useful trading calculation, whichj though not difficult, may serve as: a brain stimulant to those who tackle it. There were two principals, X and V,. the sum that the former invested in-the concern when commencing business three years ago being at the rate of sixty pounds for every forty pounds put in by Y. At the end of tho first year each partner' increased his capital by three and a half per cent., and,at the end of the second year by five per cent. > At the end of the third year they decided to liquidate their assets, and the question is, how much did each partner invest in the enterprise originally, if he received ten shillings in the pound on his capital, .the total assets realising sixteen thousand' six hundred and ebcty-threo pounds ten shillings? Tho statement concerning tho increase of capital should be carefully noted.
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https://paperspast.natlib.govt.nz/newspapers/EP19300208.2.174.2
Bibliographic details
Evening Post, Volume CIX, Issue 33, 8 February 1930, Page 29
Word Count
185IN LIQUIDATION. Evening Post, Volume CIX, Issue 33, 8 February 1930, Page 29
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