§ 36. Sir NICHOLAS GRATTAN-DOYLE
asked the President of the Board of Trade whether the Food Council has yet obtained an explanation from the firms concerned why the retail price of proprietary 922 brands of cocoa and the retail price of loose cocoa have only fallen 12½ per cent. and 4 per cent., respectively, during the period when the wholesale price of Accra cocoa has fallen 40 per cent.?
The PARLIAMENTARY SECRETARY to the BOARD of TRADE (Mr. HoreBelisha)
As I told my hon. Friend last week I have asked the Food Council to investigate this matter and they now have it under inquiry. My hon. Friend will realise that an inquiry involves not only consideration of the details mentioned in the question but equally relevant factors such as wages, transport and overhead costs.