TRADING STAMPS.

Taranaki Daily News, Volume XXXXII, Issue 215, 5 November 1900, Page 4

TRADING STAMPS.

As there h t jnaderable doubt in the < * minds Of traders and of the general public as oo the r-at rictiom imposed upon taeu by tiie kguiiauve atolitiun oi the "trading stamp" system, it wiH bs well (says the New Zealand TLines) tj sfc&ts Lr.-iflj the tffict af ih measure that has j Ui t become law From Monday, 22ad October last, any person who issues trading stampj or V : coupons, or who pays or delivers any money o: goods on presentation oi , such stamps issutd since that date, is table to a penalty of £lO, and thi* penalty is recoverable Lot only frcm y tha jiribcipie, bat also from any agetat,' r t assistant or apprentice acting ou their The °'i 3 oH Of the Act, it will !>t: 0 B£ ® n » " entirely to prohibit and eupprats a practice which, whatever its -redeeming features may be, is very liable to abuse. With regard t& stemps already ■issued, and not reI £..! the law is thai the tradingstamp company >is bound to pay over, to thj p >rsous to whom ( thesa stamps have been iisaed by traderj, either i • goods to the full value of the stamp* "'*■ hold, or cash in the proportion of four-<;-1 •;.® een shillings to the pound sterling. The, option of paying in cash or goods . . - ia confeired upon the trading-scamp j • - company; but upon failure to comply " with this provision, the goods or money | r i. f may be recovered by process of law. s« .i Shopkeepers who may hold supplies of trading stamps are apparently to loss 1 wbataver they may hive paid for them, " t .. as no provision is made for their h«i»g entitled to reover from the company. fi:lt ii well that ihs trarckasing purohas- « log public show know that trading stamps are now valueless, and shopkeepers who may hold supplies of -V stamp* should note that their only safe course is to destroy than, as even an inadvertent issue by a servant would render them liable In heavy penalties. There has not, 10 far, been any issue of discrant stamps by the Government, and, so far as we know the disposition of leading traders and the psople generally, there will be no, deep regret felt though there should ■' be no issue.