BARTER SYSTEM
BEATING MONEY SHORTAGE. (From Our Own Correspondent.) SYDNEY-, June 3. Sydney, with the prevailing shortage of money, and with the doors of the State Savings Bank still closed, is going back to the old system of barter. Exchange of goods, such as motor cars, and property, such as houses, farms, and businesses, is taking the form of currency in thousands of cases. If one has something that he does not want, and someone else has something that is wanted instead, then a swap follows. Where properties are . involved in these exchanges, estate agents are not growling, for they receive commission on the stated value of both commodities exchanged. Recently, to give only one example, a man with a big farm on the North Coast exchanged it for shop property in one of the leading suburbs. Hundreds of people who have tried to obtain good hard cash for properties or businesses or cars, have given up the idea; they are now adopting the barter system.
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Bibliographic details
Otago Daily Times, Issue 21358, 11 June 1931, Page 11
Word Count
166BARTER SYSTEM Otago Daily Times, Issue 21358, 11 June 1931, Page 11
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