THE PRICE OF SUGAR.

Dominion, Volume 6, Issue 1714, 3 April 1913, Page 5

THE PRICE OF SUGAR.

, •- —fr— ••■■■ A QUESTION ,OF DISCOUNTS (By TckEraßh.—Press; A£sooiation.V ' - Auckland,' April 2. : Seen on the subject of the telegraphic announcement from Christchurch respect-. - .ing the;price of sugar, Mr. Philsoh,. manager'of the Colonial .'Sugar'Refining Company, states 'that there 'had bean 110 rise in tho . company's • prices. , "Under the > : old arrangement th<; scheme under which .we have been wording since'we started - .' provided for a scale Df discounts to enable . .merchants to.get recoupment of their ex- •' < penses fori distribution," explained Mr. I'hilsoii. "The discount' we gave , him was understood to 1 cover such '.expenses, ... so as,to leave him. a .snuill margin of profit. .'.'By', the 'judgment of the Chief Jns- : ;i'. wc. were 'lined. for' carrying, on'under that arrangement,'..which .'was held to bo , jcontrary to\the provisions of the Commer-. v cial ,Trusts Act'., v-Against N this decision - we.-,have appealed. Until we know the; • - result of that appeal wo , have notified the merchants, tliatfwe. liave abandoned . "jur scale of .discounts.'/'; Otherwise,* our price list is unchanged.: .The..company, therefore," added Mr., Philson, "has ,not increased its prices, as, inferred in the ; ' southern telegram. , ■'.'We have merely discontinued the stole of discounts; the company's, price-list, which offers-, to .sell to retailer's a minimum of half-tori lots, at the same price, as ruled prior to the Chief . Justice's ,decision'remains "unclianged." ,