§ 52. Mr. Asshetonasked the Minister of Food whether, in view of the fact that his Department propose to recover from wholesalers the forthcoming increased price of tea on their undistributed stocks, he will give an assurance that such wholesalers will be reimbursed for any loss on their stocks when the price falls.
§ Mr. WebbIt is my Department's normal policy to fix the operative dates of price increases at the various stages of distribution so as to minimise fortuitous profits on undistributed stocks in the hands of traders. This policy is being applied to the increase in the price of tea. A similar policy is adopted in the case of price reductions so as to minimise traders' losses.