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Wednesday, 10 July 1946


Mr FORDE - I shall be glad to discuss this matter with the Minister for Trade and Customs. I noticed the paragraph to which the honorable member referred and I made some preliminary investigations. I have been assured by officials of the Prices Commission that the profit position of the company was very carefully studied by the Commissioner and his staff, who, by the way, have done a magnificent job for Australia in the face of tremendous difficulties. One realizes this when one reads of what happened in the United States of America when price controls were lifted. It would be well to bear in mind that profit shown in the form of dividends on capital invested in. a company can distort the true profit position in relation to capital actually employed. However, the complaint will be further considered by the Minister for Trade and Customs and ' the Prices Commissioner. It is the policy of the Government that an essential commodity such as motor vehicle tyres, should be sold to the Australian community at the lowest possible prices.







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