AUTOMATIC MARK-UP SYSTEMS IN PRICES OF HARDWARE IN N.Z.
(P.A.) WELLINGTON, Dec. 14. An automatic mark-up system for many lines of hardware was approved by the Price Tribunal after a brief sitting today. It is an extension of the system first approved for the trade on the same lines last August, the lines affected this time being abrasives, buckets, brushes and most of the larger hardware lines. Under the system a retailer or wholesaler can add a previously-approved percentage margin to the landed cost of articles in the schedule merely by notifying the tribunal that he had landed the goods and is selling them at the price required. Previously the price was approved after the goods were landed. , , ~ It is felt by the trade that the new sj stem saves much delay in getting goods on the market. The New Zealand Hardware Merchants’ Guild was represented at today's hearing by Mr. G. BrownDouglas and Mr. N. R. Scddon, and the New Zealand Machinery and Engineering Supplies Association by Mr. J. C. Riddell.
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Gisborne Herald, Volume LXXV, Issue 22820, 15 December 1948, Page 10
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172AUTOMATIC MARK-UP SYSTEMS IN PRICES OF HARDWARE IN N.Z. Gisborne Herald, Volume LXXV, Issue 22820, 15 December 1948, Page 10
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