PROFITEERING.
A FINE OF £IOO. j i (Per Press Association.) DUNEDIN, Oct. 29. ltiacli and McLennan, Warehousemen, were convicted of profiteering in connection with the sale of a kitchen table. Defendants were fined £IOO and costs. Mr Bartholomew S.M., said the price of the table was stated' to Mrs McFarlane on her visit as £2 os and that on her subsequent visit she purchased it for £2 7s 6d That the factory cost to the defendant company was 30s, less per cent, for cash. That the maximum permissible trade profit was 33 per cent and allowing 2s 6d for cartage, the extreme retail price would be £2 2s Od and this was somewhat in excess of other traders prices. The table therefore was sold at a price which was unreasonably high. In considering the question of penalty, his Worship observed that the proper circumstances to take into consideration was the defence, set up.
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Hokitika Guardian, 29 October 1920, Page 3
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153PROFITEERING. Hokitika Guardian, 29 October 1920, Page 3
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