GROCERS' RISING COSTS
DIFFICULT TO ABSORB
O.C. WANGANUI, this day. "The policy of the Price Tribunal to make trade absorb as much of the increased costs as possible, thus reducing the gross profit margin, remains. There is no gainsaying that price control is necessary in wartime, but it should not operate against a reasonable return to the trader."
This statement was contained in a report of the Wanganui Master Grocers' Association to the annual meeting. Elimination of profiteering should be aimed at, not reduction of the profit margin to the extent that it was increasingly difficult to absorb overhead costs, added the report, which stated that prosecutions were still being taken against traders for often very trivial breaches of price orders. There was little incentive to-day to deliberate breaches of price orders, particularly if the terms of them were fair both to the consumer and the trader.
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Auckland Star, Volume LXXVI, Issue 146, 22 June 1945, Page 7
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147GROCERS' RISING COSTS Auckland Star, Volume LXXVI, Issue 146, 22 June 1945, Page 7
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