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TRADE MONOPOLIES.

IMPORTANT AMENDING BILL, WELLINGTON, Oct. 9. Although it comprises only two brief clauses, an amending Bill which Rt. Hon. Sir Erancis Bell has introduced in the Legislative Council would, if it were passed, have an important effect on the operation of the Commercial Trusts Act. _ The Commercial Trusts Act, which is described as an Act for the repression of monopolies in trade or commerce, prohibits concessions being given to traders in consideration of exclusive dealing. It makes illegal also refusals to deal with traders because they decline to become members of commercial trusts or because they do, or do not, deal with any particular p'erson or class of persons. In determining whether an offence is committed against either of these sections of the Act the Court has not had to consider whether the action constituting the offence is contrary to the public interest. In the Commercial Trusts Amendment Bill, which will come up for the second reading in the Council next Wednesday, Sir Francis Bell proposes to make a person liable under these sections of the Act only if “his purpose in so acting, or the effect of his action, is contrary to the public interest.” The addition of this clause would presumably excuse the giving of concessions or the refusals to deal, Avliieh are prohibited by the Act, provided a case could be made out for such actions being in the public interest. The liberties of traders under the Act would accordingly be materially increased. The Act applies to agricultural implements, coal, any article of food for human consumption, petroleum or other mineral oil, and tobacco, including cigars and cigarettes.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/MS19331009.2.55

Bibliographic details
Ngā taipitopito pukapuka

Manawatu Standard, Volume LIII, Issue 267, 9 October 1933, Page 6

Word count
Tapeke kupu
273

TRADE MONOPOLIES. Manawatu Standard, Volume LIII, Issue 267, 9 October 1933, Page 6

TRADE MONOPOLIES. Manawatu Standard, Volume LIII, Issue 267, 9 October 1933, Page 6

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