FINED £loo.
PROFITEERING IN A TABLE. By Telepapn.—Press Association. Dunedin, Last Night. Riach and McLenn'an, warehousemen, convicted of profiteering in connection with the sale of a kitchen table, were fined £IOO and costs.
Mr. Bartholomew, S.M., said the price of the table was stated by Mrs. McFarlane on her first visit as £2 ss, that on her subsequent visit she purchased it for £2 7s Gd, that the factory cost to the defendants' company was 30s less 2J per cent, for cash, that the maximum permissible trade profit was 33 per cent., ajlowing 2s Cd for cartage, and therefore the extreme retail price would be £2 2s 6d. This was somewhat in excess of other traders' prices, and the table, .therefore, was sold at a price which was unreasonably high.
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https://paperspast.natlib.govt.nz/newspapers/TDN19201030.2.41
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Taranaki Daily News, 30 October 1920, Page 5
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130FINED £l00. Taranaki Daily News, 30 October 1920, Page 5
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