PROFITEERING.
• FINES OF £2OO AND £350. | [by TELEGRA I’ll —I’ER Pit ESS association] DUNEDIN, Jan. 24, : Mr Bartholomew, S.M., gave judgment in cases against Douglas Bernstein and Drapery Importing Coy., Ltd. Bernstein, a warehouseman, was charged with selling to the D.1.C., 105 yards of costume doth manufactured by Bruce Woollen Coy., at a price of 12s (id n yard, which was held to be unreasonably high. The Magistrate said defendant took advantage of the short supply of the local product to sell at an unreasonably high price, depriving the consumer of the benefit from local industry. The defendant’s profit of 08.7 per cent was to he contrasted with that of other firms of 33 1-3. Defendant was fined £2OO and costs. In the case against D.1.C., the defendant company sold a yard of doth purchased from Bernstein at 12s (id for 21s, The respective prices less discount were 12s and 20s (id, giving a profit of 70 per cent. The Magistrate said the Company’s explanations were somewhat lame and he was forced to fine them £350 and costs. The maximum penalty for a Company was £IOOO.
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https://paperspast.natlib.govt.nz/newspapers/HOG19210124.2.23.2
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Hokitika Guardian, 24 January 1921, Page 3
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186PROFITEERING. Hokitika Guardian, 24 January 1921, Page 3
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