RAILWAY CREDIT
SMALL ACCOUNTS RUN The statement made in the Herald yesterday by a correspondent, "Progression," that the Railway Department had closed his freight credit account because it did not amount to £5 weekly, was contradicted yesterday by Mr. D. St. George, goods agent of the department in Auckland.
Mr. St. George said no statement was made that the department would like to close the account because it did not equal £5 weekly and that the department did not run accounts under this amount. When revising accounts for the ensuing year mention was made by the department's employee that at one time it loo"ked for an average of £5 weekly freight when opening credit accounts, but for some considerable time past it had operated on quite a different basis. Mr. St.. George said he had many weekly credit accounts in his office for comparatively small sums. The department realised that trade depression had affected business, consequently Ihe value of many accounts must naturally diminish until more prosperous times prevailed. The account referred to by "Progression"' was of small weekly average. Tt was still in operation and not cancelled by the department.
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Bibliographic details
New Zealand Herald, Volume LXIX, Issue 21349, 25 November 1932, Page 17
Word Count
191RAILWAY CREDIT New Zealand Herald, Volume LXIX, Issue 21349, 25 November 1932, Page 17
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