§ 58. Mr. Dobsonasked the President of the Board of Trade how many notifications of price increases have been made to his Department; and how many have been approved, how many rejected and how many referred to the National Board for Prices and Incomes to the latest convenient date.
§ Mr. DellBetween 20th July, 1966 and 10th May, 1968 my Department received 125 proposals for price increases under the early warning system. Of these 118 were found to be consistent 199W with the criteria, three were rejected or withdrawn, and one was referred to the National Board for Prices and Incomes. It would be wrong to judge the success of the early warning system by the figures given in the reply. Manufacturers are aware that proposed price increases are closely examined and do not usually make proposals unless they believe them to be well-founded.