THE WOOLLEN TRADE.
CREDIT SCHEME ARRANGED
iElec. Tel. Copyright—Ui..ted Press Assn J .Australian and N.Z. Cable' Association.! LONDON,'Feb. 3. The Daily Telegraph's Bradford correspondent says : As a result of negotiations with bankers, the Government and others, since the credit insurance scheme was arranged, many important woollen firms, badly hit by the slump, had arranged to spread the payment of their liabilities over a period of years, but Still require capital to carry on business. A scheme lias now been arranged whereby fifty subscribers each will subscribe £IOOO, also guarantee £25,000, thus making £1,050,000 which will bo used! to guarantee the credit of merchants for Home and foreign trade, thus providing work for the woollen and worstedjmdustries. • ■
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Bibliographic details
Poverty Bay Herald, Volume XLVIII, Issue 15741, 4 February 1922, Page 3
Word Count
116THE WOOLLEN TRADE. Poverty Bay Herald, Volume XLVIII, Issue 15741, 4 February 1922, Page 3
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