TRADE CREDITS
TO CAPTURE MARKETS
(United Press Association—By Electric Telegraph—Copyright).
LONDON. Nov. 1
After prolonged negotiations with the hanks, a new form of contract has been evolved, under the Government’s export credits guarantee, to aid British enterprise on foreign markets. The “Big Five” Bank, as well as the Provincial and Overseas Bank have undertaken to recognise the new contracts as being satisfactory security for advances which will be exported thereunder By the payment of a premium of 10s in the pound sterling per cent-., they can obtain the Overseas Trade Department's guarantee against loss to the extent of £7-3 per cent. The “Daily Telegraph,” in an editorial. says: This novel method will help British exporters to accord longer credit than they could otherwise afford to the Dominion and foreign customers. T 1 ;e scheme will enable the banks to cooperate with the Government- in giving a further stimulus to our exports, and this will provide more employment for our workmen.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19281103.2.52
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 3 November 1928, Page 6
Word count
Tapeke kupu
160TRADE CREDITS Hokitika Guardian, 3 November 1928, Page 6
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in