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30 PER GENT. DISGOUiI 30 PER CENT. ELL Friend Thomson, I see that after all you are going to continue with the Co-op. Thomson.— No lam not. Did you imagine it was me that put that stuff in the paper P That is another man altogether, a discontent, one of them fellows that would let no one lire but themselves. D, 0. —What do you think of my 30 per cent discount, is it not correct ? Thomson.— Of course it is; any fool can see D. 0. —We pay our dividend every month, the Co-op balance once a year, and as a rule the bonus is CAPITALISED, and not paid in Cash, and if at any time you should require credit you will find that 8 per cent interest is charged for it. —BY GAD I would like to do business on this Ticket. VISITORS TO THE SHOW will do well to call and INSPECT OUR STOCK before purchasing elsewhere, and it will be seen that our prices all through are at least 10 PER CENT CHEAPER THAN ANY OTHER HOUSE IN THE TRADE. THE PEOPLE'S GROCER, Main South Road and Woollcombe Street. Telephone—No. 85. that. DATID OWEBS,

COOP. Mk David Owehs— CAN you show me how a discount of 2£ per cent per month amounts to a Bonus of 30 per cent per annum ? According to my calculalion, assuming a customer’s account to amount to £lO per month, from you he would receive per cent discount or 5s per month. At the end of 12 months he would have paid you £l2O less £3 deducted for discount. With the Co-Op. the same customer would at the end of 12 months have paid £l2O, and with a Bonus of 5 per cent would receive back the sum of £6, or just double the amount you would return him. Until you can prove the correctness of your statement, I shall continue to giro my orders to the Co-Op. 1 am, Ac., THOMSON,

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/SCANT18891031.2.27.4

Bibliographic details

South Canterbury Times, Issue 6052, 31 October 1889, Page 3

Word Count
331

Page 3 Advertisements Column 4 South Canterbury Times, Issue 6052, 31 October 1889, Page 3

Page 3 Advertisements Column 4 South Canterbury Times, Issue 6052, 31 October 1889, Page 3