Thoughts For The Times
Trading" Dimc-ui/riEs
“Attempts are being made in many instances to cancel orders placed with firms in New Zealand. This will create innumerable and by no means trifling difficulties, I can assure you. They were eager enough to take up the stuff as it came along in driblets before, hut not now it is coming forward in the quantities ordered. This endeavour to throw ordered goods hack on to the hand of indentors and others is not being made by small traders. It is wholesale firms, in a great many instances, who are trying to cancel. The hanks are forced to take action to stop this form of over-importing. They are do-ing-so in the best interests of the financial health of the community. Some people talk about the hanks causing depression. That is nonsense; the banks had no alternative. Their actum will ultimately havo a salutary effect by affording many people breathing-time to K et out of their stocks, much of them bought at high prices.”— Wellington opinion.
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https://paperspast.natlib.govt.nz/newspapers/HOG19210110.2.16
Bibliographic details
Hokitika Guardian, 10 January 1921, Page 2
Word Count
171Thoughts For The Times Hokitika Guardian, 10 January 1921, Page 2
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