RAW LINSEED OIL
HIGHER PRICE APPROVED P.A. . WELLINGTON, June 8. An increase in the price of raw linseed oil, amounting to Is Id a gallon has been granted by the Price Tribunal to Dominion Industries Ltd. The increase is from 15s a gallon to 16s Id a gallon f.o.b. main ports. The company which applied for an increase of 2s 4d a gallon said it was to recover higher processing costs and the cost of se d amounting to Is Id a gallon, and to enable the company to obtain a profit of 7 per cent. Tne Price Tribunal, in its decision, stated that it was not prepared to/approve an increase in price in respect to the company’s claim for an additional profit return, but that part of the application might be reviewed after the issue of the company’s half-yearly balance sheet as at September 30, 1948.
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Otago Daily Times, Issue 26793, 9 June 1948, Page 7
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147RAW LINSEED OIL Otago Daily Times, Issue 26793, 9 June 1948, Page 7
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