SALE OF USED PIANO
DEALER FINED FOR MAKING EXCESS PROFIT (P.A.) DUNEDIN, December 13. Alfred Walker, a second-hand dealer, was fined £5O by Mr J. D. Willis, S.M., in the Magistrate’s Court to-day for a breach of the Price Controls Act, when he sold a player piano. The Magistrate reserved his decision on the question whether a refund should .be made’ of the amount overcharged. For the prosecution, Mr J.' B. Deaker said that Walker had bought the piano for £l6O. The cost of freight from Palmerston and other charges brought it to £lBO. Walker later sold it for £350, a profit of 106 per cent. The usual writeup allowed on the cost of pianos was 60 per cent., but even that, in special circumstances, would be considered excessive. The Magistrate said he would find that the defendant acted as the principal in the sale, and fie was also satisfied that the price was unreasonably high. He added that the act provided for a penalty of up to £lOOO and also imprisonment.
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Bibliographic details
Press, Volume LXXXIV, Issue 25677, 14 December 1948, Page 3
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172SALE OF USED PIANO Press, Volume LXXXIV, Issue 25677, 14 December 1948, Page 3
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