U.S. CALLS FOR A VOLUNTARY “FREEZE” ON GOODS AND SERVICES
WASHINGTON, Dec. 19 (Recd. 8 pm).—The Government today called for a voluntary price ‘‘freeze ’ on all goods and services. There was no mention of a wage freeze, voluntary or otherwise, in an announcement hy the Economic Stabilisation Administratcr, Mr Alan Valentine. The requested “freeze” on prices of goods and services would mean a ban against any price lift which would increase the normal profit margins. It would permit an increase, however, to take account of increased costs. coupled with a request for a voluntary “freeze,” the Government asked fpx elimination of any price increases -mee December 1, which exceed certain “fair standards.” A set of standi, ards was laid down. Mr. Valentine warned /hat any usinessman who violated the volunnry price standard would be subject • compulsory controls “at the earliest alible time.”
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Wanganui Chronicle, 21 December 1950, Page 5
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142U.S. CALLS FOR A VOLUNTARY “FREEZE” ON GOODS AND SERVICES Wanganui Chronicle, 21 December 1950, Page 5
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