§ Mrs. Wiseasked the Secretary of State for Prices and Consumer Protection what means are used to monitor claims for Price Code relief on account of stock appreciation; and to what extent returns are independently verified against the stocks concerned.
§ Mr. MaclennanUnder the Counter-Inflation (Prices and Charges) (Information) Order 1976, firms will be required to give reasons for changes in stock values. If these seem out of line with past experience or with output changes, the matter will be taken up by the Price Commission with the firm. The provision of false or misleading information would constitute an offence under Section 17 of the Counter-Inflation Act 1973.