TOO MUCH CREDIT.
A move for the protection of traders by the investigation of bankrupt estates was made at a meeting of the Napier Chamber of Commerce last week, when it was suggested that an association of traders should be formed to provide the funds to examine bankrupts’ books and general position when it was considered desirable. It was stated that at present many bankruptcies are successfully put through that would not be allowed if they were thoroughly investigated (states the Napier “Telegraph”). General opinions on the causes of bankruptcy were mentioned during the discussion before the suggestion was referred to a sub-commit-tee for investigation, it being mentioned that the practice of firms in giving too much credit and the policy of some people in embarking on business without a reasonable chance of success were contributory factors.
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https://paperspast.natlib.govt.nz/newspapers/MH19270726.2.20
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Manawatu Herald, Volume XLVIII, Issue 3670, 26 July 1927, Page 2
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137TOO MUCH CREDIT. Manawatu Herald, Volume XLVIII, Issue 3670, 26 July 1927, Page 2
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