RETAIL TRADE
SLACKENING IN BRITAIN. [United Press Association.—By Electric Telegraph.—Copyright.] LONDON, Sept. 25. The Bank of England announces that it is making an important innovation. It is co-operating with the Incorporated Association of Retail Distributors, in order to secure reliable information in regard to the state of trade and the cost of living. One hundred departmental stores scattered over sixty towns have agreed to furnish the Bank of England With monthly returns of the retail prices as compared with the corresponding month’ of the previous year, together with the .stock held. The next stage will be the calculation of a retail trade index toy the Bank. The first joint report by the Bank and the Retail Distributors’ Association showjs that the prices have l>een lower in August and that the trade has been less. There were signs ol reduced purchasing power by the public, and especially by the leisured classes. ■
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Hokitika Guardian, 26 September 1930, Page 6
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150RETAIL TRADE Hokitika Guardian, 26 September 1930, Page 6
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