MARKETING OF HARDWARE
NEW MARK-UP PLAN APPROVED (P.A.) WELLINGTON, Dec. 14. The automatic mark-up system for many lines of hardware was approved by the Price Tribunal after a short sitting to-day. It is an extension of the system first approved for the trade on some lines last August. The lines affected by to-day’s decision are abrasives. buckets, brushes, and most of the larger hardware lines. Under the system, the retailer or wholesaler can add a previously approved percentage margin to the landed cost of the articles in the schedule. merely notifying the tribunal that he had landed the goods and is selling them at the price required. Previously, the price was approved after the goods had been landed. It is felt by the trade that the new system will save much delay in putting the goods on the market. The New Zealand Hardware Merchants’ Guild was represented at today’s hearing by Mr G. Brown-Doug-las and Mr N. R. Seddon, end the New Zealand. Machinery and Engineering Supplies Association by Mr J. C. RiddelL
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Press, Volume LXXXIV, Issue 25678, 15 December 1948, Page 6
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173MARKETING OF HARDWARE Press, Volume LXXXIV, Issue 25678, 15 December 1948, Page 6
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