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NEW ZEALAND LAMB.

ARMOURS CHARGED WITH PROFITEERING, By Telegraph.—Press Assn.—Copyright. New York, Oct. 22. The Federal Grand Jury indicted Armour and Co., packers, and also the firm's officers, on 137 counts charging profiteering on New Zealand lamb. The indictments are based on information secured in investigations carried on in New Zealand. >

The company is charged with selling lamb at prices of 23 to 35 cents per pound when the cost is only 181 cents per pound, including dressing, shipping and overhead charges. The investigators accounted for 3,600,0001b of lamb sold between May 1 and June 16, leaving unaccounted for 5,061,0001b. It is alleged that New Zealand lamb was sold as fresh domestic lamb at prices above 33 cents. Armour and Co,, in a statement, say that they are unablo to understand the indictments. "We made some money out of New Zealand lamb sales, but not enough to off-set losses coming out of domestic lamb sales. A result of the New Zealand lamb business was to give> our customers mea4r for less mo|ey than they would otherwise have had to pay." —Aus.-N.Z. Cable Assn.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/TDN19201025.2.44

Bibliographic details
Ngā taipitopito pukapuka

Taranaki Daily News, 25 October 1920, Page 5

Word count
Tapeke kupu
183

NEW ZEALAND LAMB. Taranaki Daily News, 25 October 1920, Page 5

NEW ZEALAND LAMB. Taranaki Daily News, 25 October 1920, Page 5

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