A11 increase in the price of raw linseed oil, aniounting to Is Id a gallon, has been grant-ed by tlie Price Tribunal to Doniiiiion Industries, Ltd. Tlie increase is from 15s a gallon to 16s ld a gallon f.o.b. main ports. The company, which applied for an increase or 2s -id a gallon, said that it was to recover the hig'her processing costs ancl the cost .ot'.secd aniounting to Is ld a gallon, and to ennble the compnny to obtain a jrrolit of 7 per cent. The Price Tribunal in its decision stated tliat it was not prepared to approve tlie increase in tlie- price in respeet. of the com pany ,'s claim for ari additional prufit re.tuVu, but that part of Ihe application miglit be reviewed after the (issue of tlie conipany's halfjyearlv half ance-shoet. as at Foptemlmr 31 1, 1948.
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Chronicle (Levin), 10 June 1948, Page 9
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142Untitled Chronicle (Levin), 10 June 1948, Page 9
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