SOAP PROFITEERS
FIVING OF PRICES. AGREEMENT—NOT COMPETITION. ACTION FOR REDUCTION URGED (Australian and N.Z. Cable Assn.) Received February 8, 9.5 a.m. LONDON, February 7. The sub-committee under the Profiteering Act, reporting on the soap industry, points out that owing to a combine, soap prices were fixed by agreement, not by competition. The profits of Lever's and the associated companies rose between 1913 and 1919 from 10.93 to 16.23, though the federation formed at the Government's request in 1918 in order to ration materials demanded only 10 per cent. The sub-committee recommends that the Complaints Committee take action if prices are not fui Lhwith reduced to a level based on present costs of labour 3Ud materials, and is of the opinion that the best household soaps on such a, oasis ought to be reduced at BJd p'."* pound instead of lOd. It is pointed out that manufacturers are holding lame sleeks of materials and are able' to offset their losses against the excesa profits duty previously paid.
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Bibliographic details
Waikato Times, Volume 94, Issue 14586, 8 February 1921, Page 5
Word Count
166SOAP PROFITEERS Waikato Times, Volume 94, Issue 14586, 8 February 1921, Page 5
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