PROFITEERING QUESTION.

Taranaki Daily News, 10 March 1920, Page 7

PROFITEERING QUESTION.

OPINION OF SOFT fiOODS TRADE REPRESENTATIVES. Auckland, March 6. The Dominion conference of representatives of the soft goods trade passed a motion that some sort of profit-shar-ing between employers and employees in the trado is desirable. It was also affirmed that the order recently issued by the British Board of Trade as a guide to tribunals dealing with profiteering was regarded as conceding what the traders had all along affirmed was a reasonable profit- The conference also resolved that in deciding whether the price charged for any particular article is reasonable, regard must be paid to all the circumstances of the case, including not only the initial cost price of the article, but the current market price of similar articles; that if the retailer is compelled hy force of circumstances to sell at a loss goods which have fallen in value, it is only reasonable that lie should reap somo advantage from the corresponding increase in price; that where capital has been locked up in goods in stock for some time, expenditure has been incurred in the storage of goods.