A Plea he Editor of the tourn-Cha Datty News.
Sin,—I consider that Tam a fairly' average resident of Shang-Hhai of nearly: ten years'. standing My mame appears in the Hong List, and my signature is decipherable.
I rarely carry any large! feet small change for ricshas changing a $5 bill means either getting four heavy dollars or four irty bits of paper. I prefer to chits for cars and at_ shops] 4, where T regularly deal. For one thing, it enables me to\ check how my money goes, and to see at once at the end of a month whether I am pending too much on cars or other form of expenditure.
T frequently engage cars from the Ford Company, because they fare rarely out of cars, and they] M respond promptly. On the other hand, T am known to two or three Chinese garages, which have good cars. (though not so many) at no)
igher prices, and I shall certainly transfer a great deal of my patronage to them.
The Ford Company say that the cost of collation of even good chits high; in the aggregate, no doubt it J, ut what does it amount per chie? Say that a regular cus Tomer has '$15 worth of chita month, and it takes two visits of a. shram to collect them, the first time to bring the chits and the second to fet payment. Allowing a. whale hoor of a shroff's time, at ray $50 'a month, on a Ghour day for 26, days a month, who cost of collection} works out at about 2 cents in the) dollar. "Of course, this takes no ae-fount' of book-keeping costs etc Multiply this by 5, and 1 do not mind paying 10 per cent, above. the cash price for credit (the Pord Company for a long. time sold. $11 worth of coupons for $10).
Some time. ago, the Ford Com-eve, have a list of ears are ordered by, telephone, not necessarily from one's own address, it may be impossible to prevent ordering under false names. but this presupposes deliberate fraud, which expect forms but a very' small Percentage of bad chi i T hope shat the companies will devise some way of affording credit facilities to their recognized: and regular customers, in the same way, that my" grocer, butcher, chemist, Bookseller, "taller, "automatically
Text read from the printed page and cleaned; old type leaves the occasional error.