BUSINESS FAILURES.
RESULT OF BAD DEBTS. A striking comment on the provalcnco of business failures to-day was made at the annual meeting of a commercial organisation in New Plymouth tlio other night. " There aro in my opinion two main reasons for the tremendous losses through bad debts," said tho chairman. " They aro indiscriminate credit and bad budgeting. Thero can bo littlo doubt that the excessivo and indiscriminate granting of credit is caused by tho fierco competition that exists to-day in practically every business. Thero is tho small shopkeeper, nil too often sadly inexperienced and lacking in capital, who with plenty of enthusiasm and little else starts of? at a rollicking pace for tho deputy official assignee's offico. Unfortunately the merchants themselves are in no small measure responsible. Complaints aro frefjuent that small traders obtain extraordinary amounts of credit compared with the si/e of their business. Having in mind the standard wage, there can be little doubt but that, a very largo proportion of the community is living beyond its income."
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New Zealand Herald, Volume LXVII, Issue 20607, 4 July 1930, Page 14
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170BUSINESS FAILURES. New Zealand Herald, Volume LXVII, Issue 20607, 4 July 1930, Page 14
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