HC Deb 28 March 1917 vol 92 cc423-4
62. Mr. TICKLER

asked the Chancellor of the Exchequer if he is aware that at a meeting of the Co-operative Society held at Manchester, at which 900 delegates were present, a resolution was passed recommending the Co-operative Wholesale Society to take steps to reduce prices and profits, so that they would not be liable to excess profits in the future; and if he intends taking any action to counteract such proceedings?

Mr. BONAR LAW

I was not aware of this resolution. The question is engaging my attention, but in its present position it would not appear that it calls for action as suggested by my hon. Friend.

Mr. WING

Would it not be wise to reduce the prices and the profits?

Mr. BONAR LAW

It is precisely for that reason that I did not think any action was called for.

Mr. CLYNES

Would it not be impossible to pass a resolution in those terms, inasmuch as there are no profits made from co-operative societies?

Mr. BONAR LAW

That does not follow.