176 OSTRICH-FARMING IN SOUTH ATRICA. 



all round. So that by paying cash he makes twenty 

 per cent, per annum on the amount of his quarterly 

 purchases. 



To Juvenis and others, the merchant keeping his 

 carriage and living in style may appear a wealthy 

 man; and as he is very accommodating — as it is his 

 business to be, as long as he knows Juvenis has the 

 means to pay — Juvenis is very apt to think it does not 

 matter if his account is large and has been long accumu- 

 latino-. But woe to him if a commercial crisis comes, 

 and he suddenly finds the merchant insolvent, and he 

 is called upon by the creditors to pay up sharp. 



Juvenis should on no account ever sell his produce 

 on credit. Produce is cash all the world over, and 

 reasonably so, as the merchant, although he may not 

 have the balance at his bank to pay for it, can always 

 go there and raise the wind on the produce. 



Juvenis will find that in selling his surplus increase, 

 or other stock, he will generally have to give credit ; 

 but, as a rule, he should not give more than three 

 months, and had certainly much better decline to sell to 

 a customer of whose stability he has any doubts, than 

 run the risk of not being paid ; and he must, on no 

 account, let any terms of fi'iendship or acquaintanceship 

 he may be on with the would-be purchaser influence 

 him. Directly it comes to buying and seUing, neither 



