TRADES AND PROFITS
In view of a recent Magisterial decision, in Wellington in a case of profiteering, traders have been much exercised in mind as to what is to be considered "a reasonable rate of commercial profit," as defined in Section 32 of the Board of Trade Act. Until a ruling on the subject has beon given by the Supremo Court or by the Government through the Board of Trade, it is presumed by some authori: ties that a recent British official opinion on the point "will stand. That opinion, given by the English Board of Trade, is as follows: —"If a trader sells at the current market price, notwithstanding that such price is higher than that originally paid for the article, then that is ■ not profiteering."
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Bibliographic details
Evening Post, Volume XCIX, Issue 92, 19 April 1920, Page 8
Word Count
127TRADES AND PROFITS Evening Post, Volume XCIX, Issue 92, 19 April 1920, Page 8
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