DOMINION NEWS.

Stratford Evening Post, Volume XXXV, Issue 72, 2 April 1913, Page 2

DOMINION NEWS.

. IHE PRICE OF SUGAR. [Per Press Association.] Christchurch, April 1. ' ■ It is understood that the increase in tlie price' of sugar announced locally fipni;-2Jd tq 2|d per lb is due to the action of the Colonial Sugar Refining Company,- as the result of the recent cases under, the Commercial Trust® Act. Without going into the legal| aspects, of the matter' an appeal has been lodged against, the' judgment of. the Supreme Court in the case referred to, and is to be heard on the 14th instl It appears that the company has notified its clients that the discount of 5 per cent hitherto allowed „to cover the cost of distribution and so forth, ( and representing- about £1 per top,, is to be discontinued as from April .Ist,' rt-liait the price of .sugar will be as lifted.', ’■ p p-G-Although,, the company has not altered thb pri6e to the merchants, sugar, is now costing merchants approximately '£i‘ per® ton mqTb’ltlian it did when the company gave the .5 per. cent discount: / , ■ As to the reduction made • locally about twp ninths jUgOj it is claimed That It was not ‘quite’ justified, as at 2Jd per lb.the margin of profit to the; grocer was such that sugar hardly paid iforjlts-hahflliM'and ivfs not bearing fits * pfojper proportion of the general expenses, of the business.