CASH-ORDER TRADING
INQUIRY AT CHRISTCHURCH BUSINESS MEN DIFFER Press Association CHRISTCHURCH. Friday. The Hon. J. G. Cobbe continued liis inquiry into the cash-order system today. Ho heard four witpesses. three in favour of the system and one against it. Of the three ho favoured the system, one was a director of a boot importing firm, one a director of a soft goods warehouse, and one the managing director of a drapery firm. The fourth, who opposed the system, was Mr. W. Nlaohin. manager of the New Zealand Farmers’ Co-operative. For the system, witnessed argued it was a safe form of trading. good for rhe seller and helpful to the buyer. All •*aid their cash-order trade did not cx- • oed 10 per cent, of the total. If it increased greatly they would have to increase prices to provide for the heavy discounts allowed to cash-order companies. One witness said the big drapery houses were trying to destroy the ■''.' stem because it helped their weaker rivals.
Mr. Machin declared the system was really a money-lending system, and was unsound trading. He said there was Title cash-order trading in Canterbury.
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Sun (Auckland), Volume II, Issue 608, 9 March 1929, Page 16
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187CASH-ORDER TRADING Sun (Auckland), Volume II, Issue 608, 9 March 1929, Page 16
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