BOARD OF TRADE ACT

Dominion, Volume 13, Issue 263, 31 July 1920, Page 12

BOARD OF TRADE ACT

AMENDMENTS SUGGESTED. By Telegrap'j—Press Association, ) Auckland, July 29. Certain amendments to the Board of Trade Act (passed last year), also resolutions adopted recently by the Christchurch traders, were approved at a Meeting of wholesale and.-retail traders, on the ground ."that the Act is inequitable and'. unjusf'to the traders of tho Dominion; and tends to create the unwarranted suspicion that the public is being exploited by traders, which is entirely contrary to fact." It was .pointed out at the meeting that the Government was awaro that the hijrh prices woro not due to high profits, but to' the economic conditions jrentwl bv Hie war; thnt no Act can be tfiuiiaW* that doe-i not recognise custom nrd us.i",e of trade; that no Cnnrt can .indue v.ljnl is a reasonable profit without knowim; the clrcumitanc.es in which such- T.rofi t is assessed; that tho only equitable nietYod of nssessin? rtoftt is on iho market or replacement. v.-ilm'; il'ol the operation of the Act will tend In destroy all incentive to business and development of trade, to the-detriment of the revenue of the Oominion and tho advancement of industries nnd commerce. A sub-committee was appointed to mate arrangements for de.ep.Btos to attend a conference of traders in Wellington during the sitting of Parliament.