PROFITEERING ALLEGED.
THE ALARM CLOCKS CASE. By Telegraph.—Press Assn.—Copyright. Christchurch, Last Night. The hearing of the alleged profiteering cases was continued to-day before Mr, S E. McCarthy, S.M. John Wilmot Duncan, manager for Brown and Dureau, continuing his evidence, said that in consequence of increased manufacturing costs, freights, and tlie adverse rate of exchaugc, the landed cost of tlie clocks in March was 15s 4d. The wholesale price was fived at ISs 3d in case lots, and 18s 9d in broken lots, giving the wholesaler a turnover profit of .1;!'; to 18 per cent, respectively. That meant to the retailer a profit on the turnover of 29 per cent, when he bought in case lots, and 27 per cent when he bought in broken lots. All •«ales were made upon the stipulation that' wholesalers should sell to retailers at a certain price, and that wholesalers should bind retailers to sell at a certain price.
Evidence was given on behalf of tlio firm!) concerned, which was chiefly to tJio effect that the replacement value must l)a taken into consideration when fixing the price of an article.
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Taranaki Daily News, 16 June 1920, Page 5
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185PROFITEERING ALLEGED. Taranaki Daily News, 16 June 1920, Page 5
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