PRICE-CUTTING
QUESTION OF LEGISLATION
That the distributing trade should bo allowed to fight its own battles in connection with price-cutting, was the opinion expressed by Mr. J. O. Shearer, in an address on “Unfair Competition” at a meeting of the Auckland branch of 1:ho Economic Society yesterday. The Commercial Trusts Act, 1910, was aimed at preventing combinations in th© selling of food and also to nullify concerted efforts to raise prices, said the speaker. This legislation was confirmed by the Cost of Living Act, 1915, which established a Board of Trade, and a subsequent Act in 1919 widened the powers of the board. The powers of the board were vested in the Minister of Industries and Commerce by an amending Act in 1923. Competition, in the form of “cash-and-carry” and “self-serve” methods had since increased, and the desirability of legislation to enable manufacturers to increase prices had been stressed. Any such move would deprive the public to some extent of the benefit of competition, said Mr. Shearer.
“One should be very careful in advocating any appeal of the Act,” said Mr. Shearer. “It would probably be better to let matters right themselves, but if legislation were passed interference should bo reduced to a minimum."
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19300718.2.128
Bibliographic details
Sun (Auckland), Volume IV, Issue 1027, 18 July 1930, Page 11
Word Count
204PRICE-CUTTING Sun (Auckland), Volume IV, Issue 1027, 18 July 1930, Page 11
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