HIRE PURCHASE
MEASURE TO CORRECT ABUSES IN BRITAIN. PRIVATE BILL GETS GETS GOOD RECEPTION. (British Official Wireless). RUGBY, May 6. In a short sitting the House of Commons gave unopposed third readings to two private members’ Bill, one of which was a Bill sponsored by Miss Ellen Wilkinson for correction of abuses in the hire purchase system. It received support from all parties and the approval of the Government, as well as a sympathetic reception by the leading houses of the hire purchase business. The measure is really regarded as of major social importance in affording protection to the hirer from unscrupulous practices which have developed in connection with y,hire purchase agreements, such as “snatch back” and “doubling up.” At the same time the provisions have been carefully framed in consultation with the trade interests affected, so asnot to hamper unfairly a system which is economically beneficial in many ways. In the case of wireless sets alone, it is estimated that some 70 percent of the trade is done on hire purchase agreements.
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Wairarapa Times-Age, 9 May 1938, Page 4
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173HIRE PURCHASE Wairarapa Times-Age, 9 May 1938, Page 4
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