CREDIT IN BUSINESS
TALK BY MR. F. G. BASKETT “Co-operation between firms in the same line of trade is essential if the giving of credit is to be safe,” said Mr. F. Cl. Baskett, F.R.A., X.Z., in a talk on “Fixing the Credit Limit —the Business Man’s Dilemma,” given at the Auckland Creditmen’s Club today. Mr. Baskett stressed the need of firms pooling their knowledge of the financial stability of all who sought credit. This would prevent small firms with few resources receiving more latitude than was desirable. Contributions to the common fund ot knowledge would be more than paid for through savings on bad debts, as he himself had found out. Trust is more important than financial stability, Mr. Baskett believes He would place the three essentials ot the sound creditor as character, capacity or ability, and capital, in that order. Capital, however, was by no means a small factor, as every man, to deserve credit, must have something to lose.
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Sun (Auckland), Volume III, Issue 758, 3 September 1929, Page 11
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162CREDIT IN BUSINESS Sun (Auckland), Volume III, Issue 758, 3 September 1929, Page 11
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