=+company is confident of reducing this delay to only 60 days and will pay the remain-

ing 20 per cent of invoice value to Glub immediately on receipt from the customer.

The charge for debtor management will be 1.7 per cent of annual credit turnover payable at the year-end. For the advance payment on the invoices a commission of 1 per cent will be charged plus interest applied at 10 per cent per annum on the gross funds advanced.