CHAIN-STORE INQUIRY
House Committee To Take Evidence
By Telegraph—Press Association WELLINGTON, Sept. 7.
On Wednesday the Industries and Commerce Committee of the House of Representatives will commence to take evidence in connection with petitions relative to the operations of chain stores. The House has already given authority for the proceedings to ba open to the Press, and the whole chainstore question will receive consideration.
The petitions to be presented to Parliament, state that those engaged in the retail trade are threatened with ruin and bankruptcy by the operations of departmental stores and overseas concerns with huge capital resources. It considers that department stores should not be permitted to carry on more than one business under one roof and so appropriate the legitimate trade ol many separate businesses. Protection is needed against the invasion ol New Zealand by overseas and foreign busines trusts. The petitioners believed that the departmental stores were
largely financed by overseas or foreign capital. Departmental stores, it is stated, had already cut away a huge proportion of the trade of independent stores and were increasing their operations alarm, ingly. Their profits were reaching enormous figures and unless protection were given, the retail trade would soon bo almost entirely in the hands of departmental stores, to tile detriment of the welfare of the whole of New Zealand.
Attached to the petition is a statement dealing with a system of licensing traders in South Africa. It is stated that businesses are classified and lines they are allowed to sell ate fixed by legislation. Licenses cost £1 per annum for one shop, £lO per annum for two, £25 per annum for three, £5O per annum for four, £lOO lor five, the rate being doubled for each shop after Av*. Different trade as a department in a shop costs £1 for the first £2 for the second, £5 for the third, £lO for four the rate being doubled for each department after that.
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Bibliographic details
Hawke's Bay Tribune, Volume XXVI, Issue 227, 8 September 1936, Page 6
Word Count
322CHAIN-STORE INQUIRY Hawke's Bay Tribune, Volume XXVI, Issue 227, 8 September 1936, Page 6
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