MONEY IN "RAGS"

NZ Truth, Issue 1043, 21 November 1925, Page 17

MONEY IN "RAGS"

» BUT NOT TOO MUCH 8.1.C.—A Sample of Dunedin s Sound Finance (By "Fiat Lux.") This scribe has a very wholesome respect and regard for the average concern which is controlled from Dunedin. The accounts of such businesses almost without exception are well drawn up, and display unmistakeable evidence of that keen Otago business acumen. ■

The D.1.C., or, to give it its full legal title, The Drapery and General Importing Company of New Zealand, Limited, is no exception to the standard, as is shown by the annual accounts, dated August 20, 1925, which

are .issued from fair Dunedm. This company . has retail establishments m Dunedin, Christchurch, Wellington, and Wanganui, and employs nearly half a million of capital — * ; £427,883 17s 6d to be exact. ■