PETROL PRICES
LABOUR SUGGESTS MONOPOLY INVITATION TO BRITISH COMPANY [From Our Parliamentary Reporter.] WELLINGTON, August 6. The suggestion that the Government should consider the possibility of granting a monopoly of the petrol trade in New Zealand to a British oil company to enable supplies to be made available at a reasonable price was advanced by Mr Munro (Dunedin North) in the House to-night. The member said he believed it would be quite possible for the Government to investigate the possibility of negotiating with a British oil company, which, he had been credibly informed, would be agreeable to give the Government an undertaking to supply all the oil that could possibly bo used in New Zealand, provided it was given a monopoly of trade and was assured of a reasonable rate of profit. A Member: A monopoly! Air Munro: What would that matter if the oil were up to standard quality, if the Government made a bargain at a certain rate, I think it could be carried out all right. Mr Munro said that no doubt the proposal would be regarded by the Reform Party as a revolutionary action, but ho could see no reason why it should not bo adopted. Motorists and other users of petrol in New Zealand had beep long enough under tho thumb of the oil trusts, and tho longer tins was allowed to continue the worse the position would become. So far only 2d per gallon had been passed on from the extra tax;, but tho question was as to when the remaining penny would bo applied.
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Bibliographic details
Evening Star, Issue 20556, 7 August 1930, Page 3
Word Count
261PETROL PRICES Evening Star, Issue 20556, 7 August 1930, Page 3
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