22. Mr. Vaneasked the President of the Board of Trade whether he is aware of the misleading price tickets frequently exhibited in shops specialising in hire-purchase and credit sale transactions, when the emphasis is placed on the low initial payment and the total cost and interest rates charged are ignored, or printed in smaller figures; and whether he will introduce legislation to make it obligatory that all advertisements and price tickets of goods for sale by installments show the price for cash and the interest rates charged where deferred payment is arranged, as well as the amount of the initial deposit, number and amount of later payments.
Mr. EnrollThe Advertisements (Hire Purchase) Bill which is now before the House deals with this subject.