WELLINGTON.

Gisborne Times, Volume XXVI, Issue 2160, 8 April 1908, Page 3

WELLINGTON.

(Special to “Thuos.”) WELLINGTON, April 7. i AVnilii scrip sold to-day at £9 Gs Bd. There were no other sales on ’change. FACTORY REGISTRATION. There are considerably over 1,000 factories in the Wellington district, but only 700 have sa far been registered, though time for registration expired at the end of last month. The penalty for failure to register is £5 per day. PREFERENCE TO UNIONISTS. The members of the local . Wharf Laborer’s Union has been largely increased in consequence of the granting, in this particular case, of preference to unionists l>y the Arbitration Court. It has now been found necessary to appoint an assistant secretary. DEARTH OF LABOR.

The Petone Woollen Mills are some 30 hands short, and there are ten looms standing idle, owing to the scarcity of labor. Nearly all the departments are in want of boys and girls, but young people apparently prefer work in the city even at a lower wage. DEFENCE REGULATIONS The Council of Defence lias issued new oiilers regarding rifle barrels as follows:—Rillo barrels condemned oy tho District Armourer for fair .rear and tear will be replaced at the Government’s expense. Rifle barrels condemned by the Inspecting Armourer for neglect will bo charged for at mlinnry rates. Individuals who may require new barrels to be refitted, and if such barrels are, in the opinion of the Inspecting Armourer, still serriceable, shall pay full price for lie new barrel fitted. This will apply -o all Government rifles on issue to corps. PACIFIC CONTROL.

Dr. Go vie, a New Hebrides medical missionary, who is now in Wellington, ,s a strong advocate of British control .n the group. He thinks trade with .liis country might bo greatly improved if the group and the Dominion were connected with regular steam--hip communication via. Fiji. CASH V. CREDIT. Cash-.versus credit seems to be the question that is agitating the minds or tradesmen hero at present. Talking to a “Post” representative, the manager of a largo drapery firm remarked that his company had started business on a strictly cash basis, but .n ileferenco to the focal customs had o allow credit on a monthly jasis to approved clients. There was n> indiscriminate suppression of ■ticking.” The booking arrangements vero practically equivalent to cash, to mentioned that twenty years :go a similar .local firm had sot out ,n a- rigorous cash policy, but soon everted to credit. The trouble, of .ourse, was that firms in competition might agree to trade for cash alone, uni then a shrewd person might set up in business, .pick out “good marks” uid flourish on credit. It is conceded that “spot cash” conduces to thrift, and is thereforo food for tho ;u;toilier as well as the supplier, out on the present limited jasis, even presuming butchers and nilkmcn join forces with bakers, tbe ,fleet on the average household will :ot be extraordinarily appreciated, for he largest accounts are run up in irapery, millinery, furnishing, and so on. The pendulum is swinging towards cash, but force of competition may jresently sway it back towards credit It is one of eternal see-saws.