Decimal Bread
Sir,—Much is made of “unders and overs” cancelling each other out. This may be so in most cases but what about bread? Bakers make a few other lines, but loaves of bread constitute most of their business. I would like to know what will be the conversion for a half loaf costing at present Is lid? Will 11.8 cents become 11 or 12 cents? Either way, someone is going to lose. —Yours, etc., CURIOUS. June 26, 1967. [The president of the Canterbury Bread Manufacturers’ Association (Mr W. R. Hawker) replies: “The Price Tribunal has not yet issued a price order for decimal prices, it is understood, however, that the maximum over-the-counter price prescribed for the loaf to which your correspondent refers will be Is lid for sales made in shillings and pence, or 11 cents if made in decimal currency. The baker will receive from retailers 11c less 10 per cent, or 9.9 cents, a reduction of 0.517 cents on the Is lid he now receives. This loss in revenue to the baker will be compensated by a reduction in the price he now pays for flour.”]
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Bibliographic details
Press, Volume CVII, Issue 31409, 30 June 1967, Page 10
Word Count
189Decimal Bread Press, Volume CVII, Issue 31409, 30 June 1967, Page 10
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