§ 91. Mr. Gledhill
asked the Parliamentary Secretary to the Board of Trade whether the permitted increase in price-regulated goods is calculated on the August, 1939, price or on current replacement prices; and whether no control is at present applied to goods of higher value than those listed in Prices of Goods (Price Regulated Goods) No. 1 Order, 1939?
Major Lloyd George
The permitted increase in the price of price-regulated goods is defined in the Prices of Goods Act as an amount not exceeding such increase as is reasonably justified in view of changes in the business since the date as at which the basic price for the goods is to be ascertained, in relation to the matters specified in the first schedule to the Act taken as a whole. Normally the date as at which the basic price for goods is ascertained is 21st August, 1939. The answer to the second part of the Question is in the affirmative.
§ Mr. Gledhill
Will my hon. and gallant Friend make it clear to retailers whether the permitted increase is a flat rate or whether it is a percentage calculated on the price of the goods?