REGULATION OF PRICES.
'MR. ASQUITH'S REPLY TO TRADES; UNIONISTS, (Australian ana N.Z. Cable Association.) (Received July 20, 1.50 p.m.) LONDON; July 19. Replying to a deputation from the Trade Unionist Congress regarding the regulation of prices of food and fuel, increase of old age pensions, and^consuiption of riches, ,Mr. Asquith said the Congress proposed fixirg freight rates, commandeering homie crops, jind irxing the standard prices of food in various areas. It was true that shipping companies wero making large prolira, but much was taken under the excess profits tax, apd Che interests of the country demanded that considerable reserves be Set aside . to. provide new tonnage after the war. . Germany had v. led fixing maximum price3, and he doubted whether it had been successful. He was not disposed to attempt it in the United Kingdom. .As regards con Sii'iotioii of riches, the inoome tax was no high that he did hot think any country in the world was exacting equal contributions from the well-to-do.
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Bibliographic details
Poverty Bay Herald, Volume XLIII, Issue 14049, 20 July 1916, Page 6
Word Count
164REGULATION OF PRICES. Poverty Bay Herald, Volume XLIII, Issue 14049, 20 July 1916, Page 6
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