§ Mr. Alfred Morrisasked 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. HoweThe 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.