BANKRUPT EXPLAINS FAILURE
NO MONEY TO ADVERTISE WITH. (Bv Telegraph—Press Association.) CHRISTCHURCH, Juno 9. Although it was admitted that the two proprietary lines which he carried were good, Herbert Edward Reid, a bankrupt manufacturer, who met his creditors before the Official Assignee, Mr J. H. Robertson, to-day, was, through lack of capital, unable to advertise them, and that fact, he stated, had a good deal to do with his failure. “It is utterly impossible to do anything on the retail market unless one can create a demand, and that can only be done by advertising,’’ sau bankrupt, who went on to explain that the sales of his products had fallen away on account of the economic coudition and lack of funds wherewith o advertise. _____
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Horowhenua Chronicle, 10 June 1932, Page 5
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124BANKRUPT EXPLAINS FAILURE Horowhenua Chronicle, 10 June 1932, Page 5
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