Colonial Sugar Company’s Price Increase Application
P.A. WELLINGTON. March. 24. The decision of the Price Tribunal was reserved when the hearing ended to-dav of the application by the .Colonial Sugar Refining Company for an increase in the wholesale price of sugar. The urgency of a decision was emphasised by Mr H. P. Richmond, counsel for the company, who said that £lOOO weekly was involved. It was asked that the company s margin should be restored to a taxable figure which had been agreed to by the Government in 1939. That figure was £3 2s 2d a ton. Taxes were considerably higher now than they were in 1939. In announcing that the tribunal’s decision would ber eserved. Mr Justice Hunter said: “We will do our best to see that the company is not held in suspense any longer than can be avoided.”
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https://paperspast.natlib.govt.nz/newspapers/GRA19480325.2.39
Bibliographic details
Grey River Argus, 25 March 1948, Page 5
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141Colonial Sugar Company’s Price Increase Application Grey River Argus, 25 March 1948, Page 5
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