The Archive · 1940

Prices Controlled

Questions on Major Lloyd George's statement raised a point whether regulations would have any effect on prices. Major Lloyd George replied that the Prices of Goods Act has been extended to cover a very wide range of articles and covered practically everything in common use./The Purpose of the act was to see that prices were stabilized.

The Government's decision to restrict supplies applies to a long list of articles, including many things in common use. Food is not included /but the decision embraces stockings, costumes, cosmetics, sporting equipment, jewellery, fountain pens, cutlery, pots, pans glassware, tools, electric irons and other articles, most of: which the public can do without, It is estimated that on the last year's basis, goods now controlled amount to about £250,000,000, Goods for export trade will not be interfered with and raw materials will be made available for the purpose.

An order concerning wool, cotton, rayon and linen affected goods valued at 2100 000 000. Control will be exercised through manufacturers and, wholesalers, both of whom are required to register before June 20.—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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