PRICE OF TEXTILE GOODS
MINISTER REFERS TO COSTS (PA.) WELLINGTON, June 13. Referring to the high prices of certain textile goods, such as sheetings and pyjamas, the Minister of Industries and Commerce (the Hon. D. G. Sullivan) said to-night that all authorised increases in prices covered only the actual increase in costs. Manufacturers, wholesalers, and retailers all still received only the same amount of profi* a yard of material or a garment as they did when costs were very much lower than now. The Minister said it was a fundamental part of the Government’s policy of price control and stabilisation to disallow any increases in profit margin: to manufacturers and traders, even though the cost of materials sold may have increased considerably. Mr Sullivan emphasised that the policy of the Price Tribunal was unchanged in this matter of profit , margins.
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Press, Volume LXXIX, Issue 23973, 14 June 1943, Page 4
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140PRICE OF TEXTILE GOODS Press, Volume LXXIX, Issue 23973, 14 June 1943, Page 4
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