CHEAPER TEAS

Evening Post, Volume CXXIX, Issue 75, 29 March 1940, Page 10

CHEAPER TEAS

• AUSTRALIAN PRICE REDUCED

The war-time price of tea in Australia which had been raised by 5d per ££ Ver *th£ leYS ] at AuSnst 31 has been il^ U% ed &J d per lb- Proprietary ,d. s,whlch were advanced by 4Jd per lb have been reduced by id per lb but teas which had been increased by 4d per lb were unchanged in price. The reductions were-as from March 18. i?™ 10"?^ 1"-5 -the iteration in price the Federal Minister for Customs said that in recent weeks there had been a decline in overseas prices of tea, and reductions were possible under the averaging system. The Commonweal*] Prices Commissioner was in close touch with importers and distributors, who kept detailed records of their purchases and sales and calculations made vn mur e avera£ing system. The Minister also said that the public could rest assured that the retail price of tea was being adjusted in accordance with variations in landed posts. The present reduction in price exemplified the working of the averaging system in reverse, and its operations under conditions of both increasing and decreasing costs.