DOMINION MARKETING
DEPARTMENT OF STATE INTENTIONS AFFIRM E D (Per PriiSK Association.) WELLINGTON, this day. No further information concerning the purchase and operation by the Government oi the produce-distributing business of .Messrs. l'icot Bros Limited is to be made public before Parliament meets according to an intimation made by the Prime Minister, the Rt. Hon. M. J. Savage, yesterday, to the executive ol the Associated Chambers of Commerce.
The secretary of the association reported that the i'rime Minister had been advised that it was felt to be a matter >f considerable public concern for full information to be given prior to Parliament assembling because the 'State would be taking the business over this •nouth and Parliament would not be meeting until August. The Prime Minister had been thanked for his advice that the business would operate "under exactly the same conditions ' as private competitive concerns, and had been asked whether this meant that tho business would also pay income tax. The association was particularly concerned regarding tho point of profits arising from the business for the reason that if the concern were efficiently conducted at cost, that must eventually spell the elimination of private competitive units. Consequently, the association had urged that the aim of the business should be to show a reasonable amount of profit on the capital invested in it, and had asked for an assurance that this would be the objective. "The comments and opinions of your organisation have been noted and the whole matter has again been given careful consideration," said the Prime Minister in his reply." I regret that I am unable to depart from the decision I conveyed to you in my letter of December 24.
"As intimated, the whole matter will be placed before Parliament at a suitable date when all the conditions of the purchase will be discussed, together with the Government policy in relation to food distribution on the local roar ket."
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https://paperspast.natlib.govt.nz/newspapers/PBH19370211.2.48
Bibliographic details
Poverty Bay Herald, Volume LXIV, Issue 19246, 11 February 1937, Page 5
Word Count
321DOMINION MARKETING Poverty Bay Herald, Volume LXIV, Issue 19246, 11 February 1937, Page 5
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