PROFITEERING IN ENGLAND
ELECTEIC LAMP INDUSTRY. .London, March IG. The sub-eommittee. which has been inquiring into profiteering in the electric lamp industry 'reports that it has dis-. covered the existence of a trade combination, including from 90 to 95 per cent, of the industry. This com'binntion was controlling factories and retailers, fixing prices at all stages, and regulating the output. The committee considers ( that standard vacuum lamns now sold to tho public at 3s. each could be sold at 2s. and still leave a satisfactory' working profit. Trading discounts were also considerably higher than was necessary, and should be reduced.
The report further states that 1,250,(100 half-watt lamps which were, sold to tho public in 1919 at 12s. Gd. each, were purchased in Holland by the trust at about 3?. each. These lamps would have left an ample margin of profit if they had been Gold at. Bt.
The committee also reoorts that it finds that there is a possibility of an international combination, comprising British, and American manufacturers, dominating prices over a considerable part of the world, and recommends that the operations of the existing combinations should lie subjected to public control.
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Dominion, Volume 13, Issue 154, 25 March 1920, Page 5
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193PROFITEERING IN ENGLAND Dominion, Volume 13, Issue 154, 25 March 1920, Page 5
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