TIME PAYMENTS
UNITED STATES OBLIGATIONS. NEW YORK, February 2. “How can business be put back on its feet?” is what everybody is asking to-day, A legion of remedies have been suggested. “Increase purchasing power!” says one group. Yet we must not overlook the fact that business recovery depends mu only upon the ability of the family to buy, hut upon its ability to pay for goods previously juught on credit.
Acdeirdling to the National RetailCrU.lit Association, about 15,000,000 dollars of retail credit are delinquent. These “frozen" credits” prevent the even flow of money, and prolong the time necessary for the return to normal conditions. Personal finance companies, which have only recently become a vital part of the business structure, are strong forces tending to accelerate business recovery. They aid both consumer and retailer in difficult times, and provide a source of supplementary credit not available in previous serious depressions.
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Hokitika Guardian, 18 March 1931, Page 5
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149TIME PAYMENTS Hokitika Guardian, 18 March 1931, Page 5
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