NO PROFITEERING

Rotorua Morning Post, Volume 2, Issue 456, 14 February 1933, Page 5

NO PROFITEERING

(Press Assn.-

PREVENTIMG EXPLOITATION |f,|. OF INCREASE IN T.v EXCHANGE . **; | STEMMED BY MINISTER ] '},

-By Telegraph — OnDyrlght) j;

Wellmgton, Monday. j « I ■ No complaints of profiteering as a result of the inereased exchange rate ',f , have yet been received by the. Min- ] ister of Industries and Commerce jj; (Hon. R. Masters) . If any are made, however, they will be investigated and ■ '.y. ' if substantiated, action tvill be talcen 1'. .' under the Board of Trade Act. j. b Interviewed on the subject, Mr. . ij ! : Masters, said that no complaints had | ti " been received so far, but if any were | ; a full investigation would be made. M.:,' The Board of Trade Act only gov- T fj! erned foodstuffs and other necessities h and action could only be taken if pro- L «.V fiteering was attempted in respect of k;;i items covered by the Act. A If any complaints were substantiated he would see that the public yU . of the Dominion did not suffer. 1 through an unfair advantage being ; talcen of the increase in exchange. 1 f-'1 The Minister added that a case had 'U • been brought to his notice where Bri- ; , t tish manufacturers were carrying the j I cost of inereased exchange and goods '• were still being sold at the same pric- frr es as before in order to eompete with •, '|i loeally manufactured goods. Some overseas producers were lowering '■ prices so that the selling price in the j. ■ ' j Dominion would be the same as previously.