CHARGE OF PROFITEERING
. —,». GROCER CONVICTED. FINE OF £IOO IMPOSED. WELLINGTON, April 12. Bertie Smith, grocer, charged with pronteering_ in celling Mcllin's food at' 3s 9d per bottle—a gross profit of 64 per cent.— was lined £ICO end £7 costsIn giving judgment in the Smith profißcring case. Mr Page. S.M., said the price charged by the defendant for a bottle o; Mellin's food represented, a profit of 63- per cent, upon the cost. It was not easy for the Court to say what was •a reasonable rate of commercial profit in respect to any particular. goods, but he thought the ultimate test must be the rate of interest that the handling of goods would produce upon the capital invested in the business after making provision for proper outgoings and contingencies. He based hiy-decision as above on the balance-sheets relating to the defendant's "business put before the Court.
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https://paperspast.natlib.govt.nz/newspapers/ESD19200412.2.52
Bibliographic details
Evening Star, Issue 17324, 12 April 1920, Page 5
Word Count
146CHARGE OF PROFITEERING Evening Star, Issue 17324, 12 April 1920, Page 5
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