BREAD PRICE TOO LOW
PressAssdeiaiidii )■ -
Hearing Begiiis Of Claim For Half-peniiy Rise
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WELLINGTON, Sept.- 29.- . An increase of a half-penny in the" price of bread is sought by the New "Zealand Federation'" of Bakers and Pastry.cooks in an application today before the' Price Tribunal. The' federation is ' asking for & half-pemiy iricrdase on evefy loaf up "to tfao pounds ih \^eight. As ih the trade a four-pound loaf i£ regarded as 'two two-pound loaves, the incease sought 'where a ' fdurpound loaf is'sold as an entity is one penny. The schedule submitted by the federation. dealing with the .profit results of 43 .companips. e.ngaged £n the bread-.making jndustry showed 18' of .them, or .approximateiy 42 per cent., had made an actual loss oh last year's .trading. . ' ... . , "If the. profit, were calculafed on .a pru^es^t. and c.orrect . basis the percentage of undertakings" making an actual loss would be "mucb higher," stated . the , submisSiofis. "We doubt if there is any indhstry in New. Zealand which has been s'p' undermined. financiall'y. as ' the bread trade.- If is .pefhapA que^ tionable whether in some cases relief may not now be -too late." The hearing is. proceeding.
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https://paperspast.natlib.govt.nz/newspapers/CHRONL19490929.2.32
Bibliographic details
Chronicle (Levin), 29 September 1949, Page 5
Word Count
191BREAD PRICE TOO LOW Chronicle (Levin), 29 September 1949, Page 5
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