State Regulation of Prices in Australia a Treatise On Price Fixing And State So
State Regulation of Prices in Australia a Treatise On Price Fixing And State So
H L Harold Launcelot Wilkinson
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Up to 30th June, 1916, i. E. , a little over two years from the commencement of operations, a total profit of 8, 690 was made by the State Bakery and Mill. This represents 61 per cent, of the capi- tal invested in the undertaking, but it should be remarked that, notwithstanding the large increase in business, the ratio of trading ex- penses to sales for the year 1915-16 showed an increase of six per cent. The fact that a large proportion of the bread manufactured was sup- plied in large quantit...ies to the public institu- tions has undoubtedly enabled costs of delivery to be reduced to a mimimum. Furthermore, no allowance need be made for bad debts, as the whole of the trade is with government depart- ments or for cash, and this item, which is a considerable one in every private baker's bal- ance sheet, has not to be provided for. 162 STATE REGULATION OF PRICES IN AUSTRALIA. The bakery output from June, 1914, to June, 1915, of all kinds of bread was 4, 041, 7971b. ; and the output from June, 1915, to June, 1916, was 9, 000, 0001b.
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