DOUGLAS CREDIT SCHEME.
TO THK KDITOK. Sir, —In the third of the articles on the Douglas' credit scheme which appeared in your columns Mr Lloy'd Ross uses as an alleged example ot the working of the scheme the case of the purchaser of a £I,OOO car who receives a' discount of £SOO (the price factor being one-half), which he forthwith proceeds to spend. Actually', under the Douglas scheme, as outlined by C. M. Hattersley in ‘ This Age of Plenty (page 165), the difference between the financial cost and the Just Price is reimbursed not to the purchaser,- but to the retailer. Of course, the result is the same, provided the purchaser has £I,OOO ready cash which he intends to spend on commodities. But this is not the case of the typical purchaser. If it were the Douglas scheme would not need to be proposed —or thanks he, “ analysed.’’—l am, etc., H.A.A. December 21.
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https://paperspast.natlib.govt.nz/newspapers/ESD19311222.2.4.3
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Evening Star, Issue 20982, 22 December 1931, Page 1
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153DOUGLAS CREDIT SCHEME. Evening Star, Issue 20982, 22 December 1931, Page 1
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