A Strictly Cash Trade.
According to our Hawera contemporary the tradesmen in that locality “ are regarding the system of doing business on credit with practical disfavour. For a long time dissatisfac - tion has been expressed, and it is now reported that several firms have definitely decided to presently decline to give credit, and to do business strictly on a cash basis.” It is somewhat peculiar that storekeepers and others who supply the public do not realise that it would be to the benefit of all concerned if business was conducted on a cash basis only. It can be no advantage to the trader to turn his goods into doubtful book debts,. and where the credit system prevails the honest buyer has to pay for the losses incurred by supplying the dishonest. It might be difficult to introduce the strictly cash s/stem, but it would unquestionably promote the security of trade, lessen the anxieties and difficulties of the trader, and cheapen the cost to the oocsumsr.
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Manawatu Herald, 25 February 1904, Page 3
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165A Strictly Cash Trade. Manawatu Herald, 25 February 1904, Page 3
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