$1M worth of TVs missing

Press, 16 September 1976, Page 23

$1M worth of TVs missing

1 PA Wellington i I j More than 900 colour tele-I { (vision sets, worth nearly! t SIM. have been stolen and are still unrecovered. Figures supplied by t.heb police to the Radio and Tele.-| { vision Manufacturers’ ( ; Federation show that at the) end of July, 947 sets were1 { missing. t The latest licensing figures < show that more than 82.000 t sets made in New Zealand < are without a current licence. At the end of June, the i •industry had made 288,957 I (colour sets, but the Post ' Office had licensed oniv • 206,474. i (Mr L. Fuller) said some of t these would be held in stock |s

by retailers, but not all. Production this year was expected to be 12.000 more than 1975. at 140,000 sets. The federation estimates a market penetration of 37 per cent by the end of the year, compared with 23 per cent at the end of 1975.. Mr Fuller said that over-all the industry had yet to feel the effects of the tightening of higher purchase restrictions and the increase in sales tax. Popular brands were still in demand, but less popular brands were not doing so well, he said. The tighter restrictions amounted to a price rise, and would probably limit sales.