SOAP PROFITS.
COMPULSORY REDUCTION. By Telegraph.—Press Assn.—Copyright. London, Feb. 7. A sub-committee under the profiteering Acts, reporting on the soap industry, points out that, owing to the combine soap prices were fixed by agreement not by competition. The profits of Lever’s and associated companies rose between 1913 and 1919 from 10.93 per cent, to 16.23 per cent.,/ though the federation was formed at the Government’s request in 1918 in order to ration materials and demanded only 10 per cent. The sub-committee recommends the complaints committee to take action if prices are not forthwith reduced to a level based on the present costs of labor and materials, and is of opinion that the best household soap on such a basis ought to be retailed at Bjd per lb. instead of lOd. It is pointed out that manufacturers are holding large stocks of materials and are able to offset losses against the excess profits duty previously paid. —Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 9 February 1921, Page 7
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158SOAP PROFITS. Taranaki Daily News, 9 February 1921, Page 7
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