PROFIT MARGINS

Otago Daily Times, Issue 27092, 28 May 1949, Page 2

PROFIT MARGINS

CONSTANT GOVERNMENT REVIEW

ASSURANCE BY MR NASH PA WELLINGTON, May 27. No one wished to keep profits down more than did the Minister of Industries and Commerce, Mr Nordmeyer, and the Government, said the Minister of Finance, Mr Nash, at yesterday’s proceedings of the Labour Party conference, which adopted the report of its Policy and Finance Committee. Mr Nash said it must be remembered that profit margins must be allowed and that those margins were being kept under constant Government review.

The committee’s report included recommendations that the Government consider the suggestion that free ambulances should be a national organisation, that a guaranteed price for market gardeners and orchardists should be introduced, and that Imperial trade preferences should be maintained. The report of the Maori Advisory Council, including the recommendation that Maori Labour committees should in future be known as branches, was also adopted, and a resolution was passed thanking the Maori people for their loyal support. The conference in a resolution expressed appreciation of the manner in which the Prime Minister. Cabinet, the Parliamentary Labour Party had conducted the affairs of the Dominion in the past 12 months and stated that delegates pledged themselves to support them loyally at the forthcoming general election and do everything in their power to return the Labour Government.