68 PER CENT. PROFIT.
• IN A SALE OF FLOUR. Wellington, July 23. Mr. Page, S.M., gave his reserved judgment in the case of the Board of Trade v. David Anderson and Co., grocers, a charge of profiteering hy the sale of a 251b bag of flour at .the price or 7s 6d. The Magistrate held that the price of this particular article should be considered in relation to the whole business when fixing the penalty, though a prima faeie case was established. It was shown that the price of that article was unreasonably high. He considered the profit made (68 per cent.) was unreasonable, but had taken into consideration the facts that the defendants' business had not been a payable one for some years, and that they had been wrongly advised of an increase in the wholesale price. He fixed 'the penalty at £lO and costs.
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Taranaki Daily News, 24 July 1920, Page 5
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14668 PER CENT. PROFIT. Taranaki Daily News, 24 July 1920, Page 5
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