INSTALMENT SYSTEM PRAISED BY PROFESSOR
INCREASES NATIONAL INCOME
“A point that is frequently overlooked by detractors of the instalment selling system is that there is good reason to believe that it has the effect of increasing the volume of national production, and thus increasing Pf®" portionately the real income oi society,” said Professor H. Belsba’** speaking at the fortnightly luncheon of the Karangahape Road Business Promotion Society yesterday. “Instalment selling has come w stay,” he continued. “It has become an integral part of the modern socia system, and if it is not perfect, * cisms of its imperfections oe constructive, and not destructive Losses by traders, continued speaker, were much lower than be the case under the operatic® ordinary credit, while the actiwl e * tension of credit brought about QT development of instalment selling _ not so great as was generally posed. In America the increase the total amount of credit give® recent years had been shown to only 6 per cent. The system nan dangers, but they could easily guarded against.
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Bibliographic details
Sun (Auckland), Volume II, Issue 421, 1 August 1928, Page 8
Word Count
170INSTALMENT SYSTEM PRAISED BY PROFESSOR Sun (Auckland), Volume II, Issue 421, 1 August 1928, Page 8
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