THE CASH SYSTEM.
(Per Press Association.)
AUCKLAND, last night.Y The fruit and produce auctioneers have decided that they. Avill have nothing to ' with the credit system after the ftrsi of next month, and tliat cash must be* paid for a' l goods bought iKider the hammer. Speaking to a Herald reporter, one of the city auctioneers said tliat the decision had been necessitated by the attitude of many of the proprietors of the smaller shops, in that they had no regard whatever for the quick paying-up of their debts. He quoted instances where a. small shopsteeper having a small supply of biscuits and confectionery in his shop could .go to the auction sales and could pua*cha_e £6 or £10 worth of fruit on credit, and if he failed to pay within a reasonable time the auctioneers had practically no security. Two years ago the auctioneers had instituted a system of weekly payments, but this had not been adhered to by buyers, the result being that the cash system "had had to be introduced.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19120726.2.14
Bibliographic details
Poverty Bay Herald, Volume XXXIX, Issue 12825, 26 July 1912, Page 3
Word Count
173THE CASH SYSTEM. Poverty Bay Herald, Volume XXXIX, Issue 12825, 26 July 1912, Page 3
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in