PRICE FIXATION.

Auckland Star, Volume LVII, Issue 80, 6 April 1926, Page 4

PRICE FIXATION.

GROCERS' POIXT OF VIEW. The annual report of the executive of the New Zealand Master Grocers' Federation includes the following:— Price fixation was a question becoming of world-wide importance. The demand for price fixation and the maintenance of prices so fixed was becoming increasingly recognised as absolutely necessary in the best interests of fair trading. The Grocers' Proprietary Trade Article Association was making good progress in the Old Country, whilst a similar association had been formed in Canada. The executive had a series of communications with the Department of Industries and Commerce relative to this important question, but the formation of a similar association in Xew Zealand was impossible owing to existing legislation. The attitude taken by the executive was that the retail trade of the Dominion had just as much right to ask for a. legislative measure entitling it, by price fixation, to secure a fair return for labour and capital employed in the same way as legislation at present makes provision for the lalxiurer through the medium of the Conciliation and Arbitration Courts to secure a fair wage for services.