Part of Oral Answers to Questions — Trade and Commerce. – in the House of Commons on 4th August 1942.
Yes, Sir. I signed an Order yesterday fixing furniture manufacturers' maximum net profits and distributors' margins for new and secondhand furniture. The Order also imposes a strict control on hire purchase transactions in furniture. I am advised that the effect of the Order will be to reduce substantially the present high level of furniture prices. I hope before long to follow up this Order by further Orders fixing the prices of utility furniture as this comes into production.