FIFTY PER CENT, PROFIT
BRITISH BUTCHERS’ CHARGE FOOD COUNCIL’S REVELATIONS. Australian and N.Z. Cable Association. LONDON, December 3. Though the butchers in evidence before tho Food Prioe6 Commission in 1925 stated that 20 per cent, on cost was a fair gross pro-fit, the Food Council’s report to-dav says that the council, having carefully watched Smithfield retail price lists for the guidance of housewives, found that over a period of 26 weeks in 1926, the prices of Scottish and Argentine beef were 50 per cent, above cost and in one week 70 per cent. The council questions tho worth of tho lists, which do not observe any consistent theory of margins, but appear to bo the basis of individual butchers’ ideas of profits. If tho witnesses were correct in their evidence, tlicro should be substantial reductions. For example, beef in October should have been Id to 2d a pound cheaper, and English mutton and beef 2-jd to 3d cheaper.
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New Zealand Times, Volume LIII, Issue 12622, 6 December 1926, Page 3
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158FIFTY PER CENT, PROFIT New Zealand Times, Volume LIII, Issue 12622, 6 December 1926, Page 3
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