HC Deb 18 July 1973 vol 860 c170W
Mr. Alfred Morris

asked the Secretary of State for Trade and Industry if it is his policy in interpreting the prices code that either the arithmetic or the weighted average of a company's percentage profits for the best two of the previous five years can be used in arriving at the permissible net profit margin when fixing prices under the code; and if he will make a statement.

Sir G. Howe

The Price Commission is responsible for interpretation of the price code. I am sure that the chairman will be willing to advise the hon. Member of the commission's practice in this matter.

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