CHRISTCHURCH CASES.

Hawera & Normanby Star, Volume XXXXI, Issue XXXXI, 16 June 1920, Page 5

CHRISTCHURCH CASES.

(BY TELEGRAPH —PRESS ASSOCIATION.) CHRISTCHURCH, Jun c 16.- ---. Ihe hearing of the alleged profiteer^ ing cases was continued to-day before Mr S. E. McCarthy, &M. John Wilniot Duncan, manager for Browrj and Dureau, continuing his; evidence, said that in consequence of increased manufacturing costs, freights, and the adverse rate of exchange, the landed cost of the clocks in, March was 15s 4d. The wholesale price was fixed at 18s 3d in case lots, and 18s 9d in broken lots, giving the wholesaler a turnover of 132 to 16 per cent respectively. That meant to the retailer a profit on the turnover of 29 per cent when he bought in case lots, and 27 pcjr cent when he bought in broken lots. All sales were made upon the stipulation that wholesalers should sell to "reta'lers at a certain price, arid that wholesalers should bind retailers to sell at a certain price. Evidence was given on behalf of the firms concerned, which was chiefly to the effect that the replacement value must be taken ix'ia consideration when fixing the price of an article.