SERIOUS POSITION IN FERTILISER INDUSTRY.
(United Press Assn.——By Electric Telegraph.—Copyright.)
(Received January 2, 11.30 a.m.) MELBOURNE, January 2.
A serious position is arising in the fertiliser industry. Owing to a succession of unfavourable seasons during the last few years the companies engaged in this business had to extend the utmost consideration to their customers. The limit of credit has now been reached, however, and some new basis of finance must be arranged for the planting season this year. A recent statement of accounts issued by the principal companies show that their outstanding accounts with storekeepers, or farmers, amount to £2,000,000. Many of the accounts have been owing for three years.
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Bibliographic details
Star (Christchurch), Issue 19267, 2 January 1931, Page 1
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110SERIOUS POSITION IN FERTILISER INDUSTRY. Star (Christchurch), Issue 19267, 2 January 1931, Page 1
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