REVIEWS
| Published date | 01 March 1956 |
| DOI | http://doi.org/10.1111/j.1813-6982.1956.tb01718.x |
| Date | 01 March 1956 |
63
REVIEWS
ALLEN
(V.
L.)
BOULDING (K.
E.)
Power in Trade Unions
........
W.
A.
P. PHILLIPS
Economic Anulysis
...............................
D.
SLOAN
CLEGG
(H.
A,) General Union
.................................
W.
A.
P.
PHILLIPS
COLE
(G.
D.
H.) Socialist Thought: IIJarxism and Anarchism
1850-18’h
....
s.
E.
CRUISE
GADGIL
(D.
R.)
Poona:
A
Socio-Econonlic Survey. Part
I1
..........................
H.
R.
C.
WRIGHT
GOLDSTEIN
(J.)
The Government
of
British Trade Unions
.............................
W.
A.
P.
PHILLIPS
GOLlLDNER
(A.
W.) Wildcat Strike
...........................
W.
A.
P.
PHILLIPS
KALECKI (M.
)
Theory
of
Economic Dynamics
..................
R.
L.
THRELFELL
Taxes, Tnriffs
arid
Sub~idies:
A
History
of
Canadian Fiscal
Development
............................................................
R.
J.
RANDALL
An Economic Review
of
Refugee Rehabilitation in India
H.
R.
C.
WRIGHT
Communism
ad
Peasantry
............................
H.
R.
C.
WRIGHT
W.
A.
P.
PHILLIPS
DAVlES
(0.
L.)
(Ed.)
Design
and
Analysis
of
Industrial Experinlent
PERRY
(J.
H.)
RAO
(V.
K.
R.
V.
RAMSWARUP
(Monograpk)
..................
.._..:
........................................
VAN
WAASDIJK
(T.)
Mire Purchase Credit in South Africa
1‘.
H. KELLY
WALD
(H.
P.)
aiid FROOMKIN
(
.
N.)
(Eds.) Papers
and
Proceedings in
S.
J.
P.
SMIT
Conierence on Agricultural
#
axation and Economic Development
Page
64
71
64
73
68
71
64
64
69
66
71
71
63
67
IiIRE
PURCHASE
CREDIT
IN
SOUTH
AFRICA. By
T.
VAN WAASDlJK. Johannes
This timely and significant pioneer study
of
hire purchase credit in South Africa.
conducted by
Mr.
van Waasdilk under the auspices
of
the Commerce Research Section
of
the University
of
the Witwatersrand. was largely prompted by the discussion surrounding
the
1954
amendments
of
the Hire Purchase Act. Important changes made by the legislation
altered the main purpose
of
the Act. Whereas emphasis had previously been placed on the
curbing
of
dishonest practices, and on the over-generous granting of credit. attention
is
now
focussed on the implications
of
hire purchase credit
for
the whole economy.
Although tile Government, before taking powers to control the volume
of
hire purchase
credit, was able to draw upon the experience
of
the United States, Britain and other Cornmon-
wealth countries, there was a deplorable lack
of
factual information about the situation in
South Africa
to
guide
it.
For
that reason alone. apart from any others, this work by
Mr. van Waasdijk
is
to
be greatly welcomed, for it in large measure fills a gap in
our
knowledge
of
this growing sector
of
our
commercial life. The author set out
to
obtain tlie
facts and
to
make an econoniic survey. He was concerned’iiot with the moral, social
or
socio-economic aspects. but with such things as credit policy, financing and marketing.
He gathered his facts by sending questionnaires to a large number of business
firms
in all
parts
of
South Africa, by many visits to dealers in urban and rural areas. and by an analysis
of
over 16.000 hire purchase contracts. Thc results arc presented in some very workmanlike
statistical tables in Part
I1
of
the book.
The reader
who
takes the trouble
to
delve into those tables will discover most illuminating
frequency distributions and associations, for the author has been very painstaklug in
his
burg: Witwatersrand Universlty Press, 1956. Pp. xvi
-I-
174. Price
21s.
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