TOO MUCH CREDIT
SERIOUS POSITION IN FERTILISER' INDUSTRY
LIMIT OF CREDIT REACHED
(T 7 P.A. by Elec. Tel. Copyright) • ; MELBOURNE, Jan,, 2. A serious position is arising in the fertiliser industry owing to a suc-cession-of unfavorable seasons: During the last few years companies engaged in this business have had to extend the utmost consideration' to their customers.. The limit of credit has how been ' reached, and some new basis of finance must be arranged for the planting -season this year. ißecent ■ statements of accounts issued' by' th© principal' companies show that their outstanding accounts with storekeepers or farmers amount to ;fi‘2,(XKT,OOO. •- Manv accounts have been owing "for three years.
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Bibliographic details
Gisborne Times, Volume LXXII, Issue 11404, 3 January 1931, Page 5
Word Count
109TOO MUCH CREDIT Gisborne Times, Volume LXXII, Issue 11404, 3 January 1931, Page 5
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