“PERNICIOUS SYSTEM”
TIME-PAYMENT VICTIM DAIRY FARMER BANKRUPT (From Our Resident Reporter.) j WELLINGTON, Monday- “ The time-payment system (.as a great number of men to the *- l \ said the Official Assignee. Mr- - Tansley, before a meeting of credit”-; who met to-day to discuss the aniu. of John Henry Coates, who folio* the general tendency of those not am* too well, and bought a great many his domestic requirements on the payment system—and fell. BankruP. solicitor described the system as most pernicious we have.” - The bankrupt, whose affairs sno ■ a deficiency of £154 11s 2d, start** small dairy farm in the Nai trict, and bought his land and st high prices, finally succumbing « depression which followed. * j.; entered a butchering business, t>u stand was a bad one, and this. ther with the facts that the taK were over-estimated, the illness wife, and heavy obligations on ( household articles, he was fore file.
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Sun (Auckland), Volume 1, Issue 34, 3 May 1927, Page 2
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149“PERNICIOUS SYSTEM” Sun (Auckland), Volume 1, Issue 34, 3 May 1927, Page 2
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