PROFITEERING
legal pkooledings taken
(Per Press Association.)
CHRISTCHURCH May 5
It is understood that tlio authorities in Wellington have authorised legal proceedings beiong taken against several Christchurch firms, who are alleged to have been making unreasonably high profits on tho stocks they have in hand.
The informations will conic before tho Magistrate’s Court probably next Wednesday.
The prices being charged for imported alarm clocks will form, it is stated one of the principal matters to bo investigated. There are other questions, however, of general interest to traders that w r il] arise out of the Magisterial enquiry.
One of these matters is the replace ment question. The point is as to whether an importer is justified in charging a price for goods in stock that were bought at a price lower than the now current price or a price equal to that wliiori lie would charge if he replaced his stock at the current wholesale prices. Another matter of interest to traders generally that is likely to arise out of the local prosecutions is with respect to the practice of tlie fixation of prices by tlie manufacturers and not the retailers. Thero are questions as to the contracts in which it is either implied or expressed that the dealer shall not sell the article at a lesser price than that fixed by tlie manufacturers.
PRICE OF MILK
CHRISTCHURCH, May 5
The Christchurch Dairymen’s Association, which resolved last week to increase the whole price of milk to Is 6d per gallon to-day received the following telegram from the Board of Trade : ‘'Reports in the papers indicate that tho wholesale dairymen have raised the price of milk is Is 6d per gallon. Tin’s seems unreasonable. Please justify the increase by evidence.” To tin’s, the Association replied that it would be pleased to submit evidence asked when its representatives could meet the Board.
The Board replied that it would meet tbic Association’s reprasentatiivics at Wellington on Tuesday, or otherwise the Association would be asked to submit its evidence in writing. The Association telegraphed asking if it could take evidence in. Christchurch. No reply to this lias yet been received. /
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Hokitika Guardian, 6 May 1920, Page 4
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356PROFITEERING Hokitika Guardian, 6 May 1920, Page 4
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