CONTROL OF PRICES
NEW ZEALAND MEASURES “TEST STILL TO COME” fU.P.A.—b.v Electric Telegraph—Copyright j SYDNEY, 23rd November. In bis report on the New Zealand custom of controlling commodity and other prices, the Auditor-General, Mr Spence, 1 expresses the opinion that administrative control of prices and industry cannot be altogether free from the suspicion of political influence. The report, which was tabled in the Legislative Assembly to-night, stales that, while prices cannot be kept down ' permanently in the face of rising costs, : the existence of departmental machinery had acted as a corrective to excessive increases and as a deterrent to the exploitation of the consumer. “The impression I formed," says Mr Spence, “is that the control of prices and i industry in New Zeaalnd can create many j diiliculties for a Government, and that { the real test of its effectiveness and value is still to come. j “The establishment and maintenance , of machinery for price control so that i !it may be available for use when required is valuable, but, if tbe objective is the control of prices only, the machinery | I should be used mainly to regulate the j tion only when it is demonstrated that j Government intervention is advisable in the public interests.”
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https://paperspast.natlib.govt.nz/newspapers/NEM19381124.2.67
Bibliographic details
Nelson Evening Mail, Volume LXXII, 24 November 1938, Page 8
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205CONTROL OF PRICES Nelson Evening Mail, Volume LXXII, 24 November 1938, Page 8
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