Home | Databases | WorldLII | Search | Feedback Solomon Islands Consolidated Legislation

  Download original PDF

Price Control Act

LAWS OF SOLOMON ISLANDS

[1996 EDITION]

CHAPTER 64

PRICE CONTROL

AN ACT TO PROVIDE FOR A PRICES ADVISORY COMMITTEE; TO REQUIRE PERSONS WHO SELL CERTAIN GOODS OR SUPPLY CERTAIN SERVICES TO POST UP THEIR PRICES OR CHARGES; TO ENABLE THE MINISTER BY ORDER TO RESTRICT PRICES OR CHARGES; AND FOR CONNECTED PURPOSES.

[26th March 1982]

6 of 1982
9 of 1983

Short title and interpretation

1.—(1) This Act may be cited as the Price Control Act.

(2) In this Act, "business" includes any trade, profession or vocation, and the expression "by way of business" shall be interpreted accordingly.

Prices Advisory Committee

2.—(1) There shall be Prices Advisory Committee (in this Act referred to as the "Advisory Committee").

(2) The Advisory Committee shall consist of a Chairman and four other members appointed by the Minister.

(3) As to the members other than the Chairman—

(a) two of them shall be members appointed after consultation with persons appearing to the Minister to represent producers, wholesalers and retailers; and

(b) two of them shall be members appointed after consultation with persons appearing to the Minister to represent consumers;

and the Chairman shall be a person who appears to the Minister to be impartial.

(4) At any meeting of the Advisory Committee it shall be taken to be properly constituted if there are present the Chairman and at least one member appointed after consultation under each of paragraphs (a) and (b) of subsection (3).

(5) The Chairman and other members of the Advisory Committee—

(a) shall hold and leave office in accordance with their terms of appointment;

(b) may at any time by notice in writing resign; and

(c) may be removed from office if (in the opinion of the Minister) they have become physically or mentally incapacitated or have failed to discharge their functions as members or have otherwise become unable or unfit to discharge their functions.

(6) The Minister shall provide such staff and other facilities for the Advisory Committee as may be necessary for the performance of its functions.

(7) The Advisory Committee may regulate its own procedure.

(8) There shall be paid to the Chairman and other members of the Advisory Committee such travelling and other allowances (including compensation for loss of remunerative time) as the Minister may from time to time determine.

(9) Membership of the Advisory Committee is not a public office for the purposes of the Constitution.

Functions of the Advisory Committee

3.—(1) It shall be the duty of the Advisory Committee—

(a) to keep under review the prices or charges for sale of goods or supply of services;

(b) from time to time to consider which goods or services should be the subject of an order under section 4, and which goods or services subject to such an order should cease to be so subject;

(c) from time to time to consider what prices or charges should be restricted under section 6 and how the restriction should be framed, and what prices or charges restricted under that section should be differently restricted or should cease to be restricted;

(d) where power to fix prices or charges for the sale of goods or supply of services to which this Act applies is conferred on a Minister or other person exercising Government functions, to consider from time to time the level at which such prices or charges should be fixed;

(e) to consider the terms of any order to be made by the Minister under this Act;

(f) to consider the terms of any order, to be made by a Minister or other person exercising Government functions, fixing prices or charges for the sale of goods or the supply of services to which this Act applies;

and they shall report to the Minister accordingly.

(2) The Minister shall lay a copy of any report received by him under this section before Parliament and shall publish the report in the Gazette or in such other manner as he thinks appropriate.

Application of Act to goods and services

4.—(1) The Minister may by order apply this Act to any goods or services.

(2) The order may apply the Act to goods sold or services supplied in a particular place or area or in particular circumstances.

(3) References in this Act to goods or services to which this Act applies shall be interpreted in accordance with orders under this section.

(4) No order may be made under this section unless the Advisory Committee have been consulted as to the terms of the order; but this subsection does not limit the discretion of the Minister as to the matters to be included in the order.

(5) The Minister shall make arrangements for the purpose of securing that, before the date on which an order under this section comes into effect, adequate steps are taken to bring the contents of the order to the attention of those who may be affected by it.

Requirement to post up prices and charges

5.—(1) A person who, by way of business, sells goods or supplies services to which this Act applies shall, at any premises (including market premises) where the goods are sold or from which the services are supplied, display notice of the price or charge which they are sold or supplied.

(2) A notice under this section shall be of such size and shall be so displayed as to be clearly visible to persons entering for business purposes the premises or, as the case may be, the part of the premises where the goods are sold or from which the services are supplied.

(3) The Minister may by order prescribe the form that a notice is to take for compliance with this section; and a notice in that form shall be taken to comply with the requirement of subsection (2) as to size.

(4) A person who fails to comply with subsection (1) shall be guilty of an offence and liable to a fine of three hundred dollars, or imprisonment for three months, or to both.

Power to restrict prices or charges

6.—(1) The Minister may by order restrict any prices or charges for the sale or supply, by way of business, of any goods or services to which this Act applies.

(2) An order under this section may specify the restriction on any price or charge or may specify any method for determining the restriction.

(3) An order under this section may apply in relation to goods sold or services supplied in a particular place or area or in particular circumstances, and may make different provision for sales or supplies in different places or areas or in different circumstances.

(4) An order under this section may contain incidental or supplemental provisions, including provisions for the recovery of overpayments.

(5) No order may be made under this section unless the Advisory Committee have been consulted as to the terms of the order; but this subsection does not limit the discretion of the Minister as to the matters to be included in the order.

(6) The Minister shall make arrangements for the purpose of securing that, before the date on which an order under this section comes into effect, adequate steps are taken to bring the contents of the order to the attention of those who may be affected by it.

(7) Where the price or charge for the sale of any goods or the supply of any service is restricted by an order under this section, any person who sells those goods or supplies that service at a price or charge in excess of the restricted price or charge shall be guilty of an offence and liable—

(a) to a fine of five hundred dollars; or

(b) to imprisonment for five months, or to both.

(8) Section 66(1) of the Interpretation and General Provisions Act (power to create offences under regulations) applies to an order under this section as it applies to regulations under an Act.

Cap. 85

Requirement to provide information

7.—(1) The Minister may by notice require any person to provide him with such information—

(a) as he may reasonably require for the performance of his functions under this Act; or

(b) as may reasonably be required by the Advisory Committee for the performance of its functions under this Act.

(2) A notice under this section shall specify the manner in which the information is to be provided and the time within which it is to be provided.

(3) A person who, without reasonable excuse, fails to comply with the requirements of a notice under this section shall be guilty of an offence and liable to to a fine of one hundred dollars.

(4) No information obtained by the Minister under this section shall be disclosed except—

(a) with the consent of the person by whom, or on whose behalf, the information was provided;

(b) to the Advisory Committee;

(c) to any Minister or public officer in the course of his duties as such; or

(d) with a view to the institution of, or otherwise for the purpose of, any criminal proceedings under this Act.

(5) A person who contravenes subsection (4) shall be guilty of an offence and liable to a fine of three hundred dollars.

(6) A person who, in purported compliance with the requirements of a notice under this section—

(a) makes any statement which he knows to be false in a material particular or recklessly makes a statement which is false in a material particular; or

(b) with intent to deceive, produces a document which is false in a material particular,

shall be guilty of an offence and liable to a fine of five hundred dollars.

Powers of inspection

8.—(1) For the purpose of determining whether any offence under this Act is being or has been committed, a duly authorised officer of the Minister may at all reasonable hours and on production, if required, of his authority—

(a) inspect any goods and enter any land or premises (other than premises used only as a dwelling); and

(b) require any person carrying on a business, or employed in connection with a business, to produce any document relating to the business,

and the officer may make extracts from or copies of documents produced under paragraph (b).

(2) A person who—

(a) wilfully obstructs an officer acting under this section; or

(b) with intent to deceive, produces a document which is false in a material particular,

shall be guilty of an offence and liable to a fine of three hundred dollars.

(3) No information obtained under this subsection shall be disclosed except as specified in section 7(4), and a person who contravenes this subsection shall be guilty of an offence and liable to a fine of three hundred dollars.

Modification of application of Act to Government, etc.

9.—(1) An order under section 4 may apply this Act to goods sold or services supplied by the Government or otherwise by or on behalf of the Crown.

(2) An order under section 6 may not restrict the price or charge—

(a) for any goods sold or services supplied by the Government; or

(b) for any goods sold or services supplied where the price or charge for the sale or supply is fixed or restricted by or under any written law (other than this Act or an order under it).

(3) Where this Act applies to any goods or services, but—

(a) by virtue of subsection (2), the price or charge for their sale or supply may not be restricted by an order under section 6; and

(b) the power to fix that price or charge is conferred on a Minister or other person exercising Government functions,

the power referred to in paragraph (b) shall not be exercised unless the Advisory Committee has been consulted; but this subsection does not limit the discretion of the Minister or other person in fixing the price or charge concerned.

(4) Subsection (3) does not have effect in respect of any power conferred by or under the Preservation of Public Security Act or the Essential Services Act.

Cap. 27
Cap. 12

Orders under the Act

10.—(1) An order under any provision of this Act may be varied or revoked by a subsequent order under that provision.

(2) Without prejudice to section 68 of the Interpretation and General Provisions Act, the variation or revocation of an order under any provision of this Act shall not affect liability for any offence committed before the variation or revocation takes effect.

Cap. 85

(3) A copy of an order to be made under sections 4 or 6 shall be laid before Parliament before the order comes into effect.

(4) In the case of an order under section 4, if, within the period of twenty days beginning with the day on which the copy is laid, Parliament resolves that the order be annulled, the order shall cease to have effect as from the date of the resolution, but without prejudice to the validity of anything previously done under it or to the making of a new order.

(5) In reckoning any period of twenty days for the purposes of subsection (4), no account shall be taken of any time during which Parliament is prorogued or dissolved or is adjourned for more than four days.

(6) An order under any provision of this Act shall be published in the Gazette and shall not come into effect until the date of publication.

(7) Sections 61(1), 62 and 65(2) of the Interpretation and General Provisions Act do not apply to any subsidiary legislation under this Act.

Cap. 85

Non-compliance or inadequate compliance of certain directory provisions not to affect validity or operation of certain orders
9 of 1983, s. 5

11. The validity or operation of an order made under section 4 or section 6 shall not be affected by non-compliance or inadequate compliance of the provisions contained in section 3(2), or section 4(5) or section 10(3), nor the validity or operation of any such order shall be called in question by or before any court or public officer merely on the ground of the non-compliance or inadequate compliance of any such provision.

________________________________

CHAPTER 64
PRICE CONTROL

Subsidiary Legislation

THE PRICE CONTROL (APPLICATION TO GOODS AND
RESTRICTION OF PRICES) ORDER

LN 47/1987
LN 62/1987
LN 104/1987
LN 88/1992
LN 95/1995
LN 32/1996
LN 40/1996

(Sections 4 and 6)

[1st July 1987]

Citation

1. This Order may be cited as the Price Control (Application to Goods and Restriction of Prices) Order.

Interpretation

2. In this Order, unless stated otherwise, the expression—

"cost into store" means the sum total wholesale price of the goods plus the costs incurred in connection with transporting the goods to the business premises of the owner of the goods;

"landed cost" means the sum total of—

(a) the price charged for the goods as specified in the invoice or other similar document relating to the goods; plus

(b) any commission paid to a person or body, being the buying agent of the owner of the goods; plus

(c) any charges made in connection with the goods with respect to freight, insurance, customs duty, wharfage, handling, storage and transport to the business premises of the owner; less

(d) any commission or discount granted to the owner by the person from whom the owner has brought the goods;

"retail" when used in relation to any sale, means a sale for the purposes of consumption or use;

"wholesale" when used in relation to any sale, means a sale for the purposes of re-sale.

Application of Act to goods

3. The Price Control Act applies to the goods—

(a) specified in Schedule 1, and

Schedule 1

(b) for sale within the areas specified and defined in Schedule 2.

Schedule 2

Restriction of prices of goods
LN 104/1987

4.—(1) The wholesale and retail prices of the goods referred to in paragraph 3 are restricted to the extent and in the manner specified in Schedules 3, 4, 5 and 6 respectively, within the areas defined and set out in Schedule 2, except to the extent specified in sub-paragraph (3).

Schedule 3, 4, 5 and 6

(2) The restrictions referred to in sub-paragraph (1), unless otherwise indicated, apply to any quantity and packages of all sizes of the goods specified in Schedule 1.

(3) The maximum retail selling price in Schedules 3,4, 5 and 6 includes both the maximum wholesale mark-up (if any) and the maximum retail mark-up, if the retailer—

(a) imports direct from overseas;

(b) purchases direct from a local manufacturer or from Solomons Rice Company Ltd.; or

(c) is located in a provincial centre and purchases direct from Honiara.

5. For the purposes of this Order, the following procedures are to be followed in costing calculations for "cost into store" and "landed cost"—

(a) the costing shall set out the actual amount paid in respect of each item included in the above definitions, and supporting documentation must be available for sighting by price control inspectors. Where this is not possible and percentage or other estimations are used in costing, such financial records must be maintained as will afford proof of the fairness of the percentage or other estimates used;

(b) where amounts included in the costing involve purchases from related or inter-dependent enterprises, arm's length prices shall be substituted for actual purchase prices should this result in a lower cost into store or landed cost;

(c) exchange rates used in costing should be the actual bank selling rates at the time of preparation of the costing (except in relation to customs duty where rates are set from time to time by Customs). Re-costing is permitted for actual movements in the exchange rate until the time of payment for goods, or until the due date for payment in accordance with the suppliers terms of credit for the sale, whichever is the earlier. Forward rates shall also be accepted if payment for goods subject to price control is covered by a forward exchange contract through the banks;

(d) the cost of financing purchase of goods eg. interest on loans, should not be included. Other bank charges directly related to the purchase of goods, such as the cost of purchasing a bank draft to pay for goods, may be included.

SCHEDULE 1

GOODS TO WHICH THE ACT APPLIES

(Paragraph 3)

1. MILK

(a) Nestle Sweetened Condensed Milk

(b) Nestle Sunshine Instant Full Cream Milk Powder

2. MEAT

(a) Imperial Corned Beef (Red)

(b) Imperial Corned Beef (Blue — with cereal)

(c) Ox & Palm Corned Beef

(d) Ma Ling Luncheon Meat

(e) Peck's Braised Steak & Onions

3. FISH

(a) Solomon Blue

(b) Solomon Blue (Special)

(c) Taiyo Skipjack Tuna

(d) 777 Mackerel (with or without tomato sauce)

4. SUGAR

(a) all brands

5. FLOUR (PLAIN AND SELF-RAISING)

(a) all brands-bulk packages 10kg and over

6. SOAP (BATH)

(a) Lux

(b) Palmolive

(c) Lyla

7. SOAP (WASHING)

(a) Omo

(b) Niu

(c) Solomon Soaps Laundry Bar Soap

8. RICE

(a) polished rice — local purchases (all brands)

(b) polished rice — direct imports (all brands)

9. COOKING OIL

(a) all brands

10. CURRY POWDER

(a) Palm

(b) Sunshine

(c) Steric

11. CABIN OR NAVY BISCUITS

(a) all brands produced locally

12. LIQUID PETROLEUM GAS

(a) butane gas

(b) propane gas

13. PETROLEUM PRODUCTS

(a) petroleum motor spirit (PMS)

(b) distillate (ADO)

(c) kerosene (KERO)

(d) mixed outboard motor fuel

14. BREAD

450g and 900g standard white loaves

15. ELECTRICITY CHARGES

16. WATER CHARGES

SCHEDULE 2

AREAS AND LIMITS WITHIN WHICH PRICE RESTRICTIONS APPLY

(Paragraph 3)

1. HONIARA

The town of Honiara and surrounding areas including—

(a) villages or places situated within one kilometre on both sides of the Highway east of Honiara and extending as far as (but not beyond) Ngalimbiu area (also known as SIPL); and

(b) villages or places situated within one kilometre on both sides of the Highway west of Honiara and extending as far as (but not beyond) Tambea Village (also known as Tambea Tourist Resort)'

2. GIZO

The town of Gizo and surrounding areas, being the rectangular area included by the grid lines 259000 and 265000 Eastings and 9103000 and 9107000 Northings as shown on 1:50,000 Map Sheet No. 8/156/4 at the Surveyor-General's Office;

3. AUKI

The town of Auki and surrounding areas, being the rectangular area included by the grid lines 685000 and 689000 Eastings and 9029000 and 9036000 Northings as shown on 1:50,000 Map Sheets Nos. 8/160/11 and 8/160/15 at the Surveyor-General's Office, and including Tatavebebe Village, Fulikaomae Village, Ambu Village and the Kilu'ufi Hospital area;

4. TULAGI

Tulagi Island, being the rectangular area included by the grid lines 624000 and 628000 Eastings and 8993000 and 8996000 Northings as shown on 1:50,000 Map Sheet No. 9/160/1 at the Surveyor-General's Office;

5. KIRA KIRA

Kira Kira Station and surrounding areas, being the rectangular area included by the grid lines 818000 and 822000 Eastings and 8842000 and 8845000 Northings as shown on 1:50,000 Map Sheet No. 10/161/8 at the Surveyor-General's Office, and including Bauro Village;

6. BUALALN 62/1987

Buala Station and surrounding areas, being the rectangular area included by the grid lines 563000 and 569000 Eastings and 9098000 and 9106000 Northings as shown on 1:50,000 Map Sheet No. 8/159/3 at the Surveyor General's Office, and including Tasia Village, Karuo Village, Fera Village, Jejevo Village, Nareabu Village and Buala Village;

7. LATA

Lata Station and surrounding areas, being the rectangular area included by the grid lines 582000 and 590000 Eastings and 8810000 and 8820000 Northings as shown on 1:50,000 Map Sheet No. 10/165/16 at the Surveyor General's Office, and including all those places within one kilometre from the boundary of Lata Station, and Luova Village, Venga Village and the western side of Graciosa Bay (from Lata Station to Waterpump Station).

SCHEDULE 3

RESTRICTED PRICES FOR HONIARA

(Paragraph 4)

Items of Maximum Maximum

Goods Wholesale Retail

Serial No. Items of goods to Selling price Selling price

which this Act including maximum including maximum

applies percentage mark-up percentage mark-up

1. MILK

(a) Nestlé Sweetened landed cost cost into

Condensed Milk plus 10% store plus 13%

(b) Nestlé Sunshine " "

Instant Full

Cream Milk

Powder

2. MEAT

(a) Imperial Corned " "

Beef (Red)

(b) Imperial Corned " "

Beef (Blue—with cereal)

(c) Ox & Palm Corned " "

Beef

(d) Ma Ling Luncheon " "

Meat

(e) Peck's Braised " "

Steak & Onions

3. FISH

LN 40/1996

WHOLESALE RETAIL

(Maximum price (Maximum

in dollars per price in dollars

carton) per tin)

(a) Solomon Blue (180g) 72.2 91.80

(b) Solomon Blue (380g) 68.48 3.40

(c) Solomon Blue Special 110.45 2.75

(d) SkipJack Tuna 138.44 3.40

4. SUGAR

(a) all brands " "

5. FLOUR (PLAIN AND SELF-RAISING)

(a) all brands— " "

bulk packages 10kg

and over

6. SOAP (BATH)

(a) Lux landed cost cost into store plus

plus 10% 13%

(b) Palmolive " "

(c) Lyla " "

7. SOAP (WASHING)

(a) Omo " "

(b) Niu " "

(c) Solomon Soaps " "

Laundry Bar Soap

8. RICE (POLISHED)

(a) local purchases— landed cost cost into store

all brands plus 6% plus 9%

(b) direct imports— landed cost

all brands plus 9% "

9. COOKING OIL

(a) all brands landed cost cost into store plus

plus 10% 13%

10. CURRY POWDER

(a) Palm " "

(b) Sunshine " "

(c) Steric " "

11. CABIN OR NAVY BISCUITS

(a) all brands " "

produced locally

12. LIQUID PETROLEUM GAS

LN 95/1995

WHOLESALE RETAIL

(maximum price per kg) (maximum price per kg)

($) ($)

(a) butane 3.51 4.74

(b) propane 3.51 4.74

13 PETROLEUM PRODUCTS

LN 32/1996

WHOLESALE RETAIL

(Maximum price (Maximum price

in cents per ltr) in cents per ltr)

(a) petroleum motor

spirit (PMS) 111.96 147.4

(b) distillate (ADO) 104.61 42.2

(c) kerosene 99.57 (maximum

percentage

mark-up)

—cost into store
plus 15% for sales
of packaged
product.

—cost into store
plus 20% for
break-bulk sales.

14 BREAD

LN 88/1992

standard white loaf $ per unit $ per unit

450g 0.90 1.05

900g 1.85 2.10.

SCHEDULE 4

RESTRICTED PRICES FOR GIZO AND AUKI

(Paragraph 4)

Items of Goods Maximum Maximum Retail

Wholesale

Serial No. Items of goods to Selling price Selling price

which this Act including maximum including maximum

applies percentage mark-up percentage mark-up

1. MILK

(a) Nestlé Sweetened landed cost cost into store

Condensed Milk plus 11% plus 13%

(b) Nestlé Sunshine " "

Instant Full Cream

Milk Powder

2. MEAT

(a) Imperial Corned " "

Beef (Red)

(b) Imperial Corned " "

Beef (Blue—with

cereal)

(c) Ox & Palm

Corned Beef " "

(d) Ma Ling Luncheon

Meat " "

(e) Peck's Braised

Steak and onions " "

3. FISH

(a) Solomon Blue landed cost cost into store

plus 7% plus 9%

(b) Solomon Blue

(Special) " "

(c) Taiyo Skipjack

Tuna " "

(d) 777 Mackerel (with landed cost cost into store

or without plus 11% plus 13%

tomato sauce)

4. SUGAR

(a) all brands " "

5. FLOUR (PLAIN AND SELF-RAISING)

(a) all brands-bulk landed cost cost into store

packages 10kg plus 11% plus 13%

and over

6. SOAP (BATH)

(a) Lux " "

(b) Palmolive " "

(c) Lyla " "

7. SOAP (WASHING)

(a) Omo " "

(b) Niu " "

(c) Solomon Soaps " "

Laundry Bar Soap

8. RICE (POLISHED)

(a) local purchases— landed cost cost into store

all brands plus 7% plus 9%

(b) direct imports— landed cost

all brands plus 10% "

9. COOKING OIL

(a) all brands landed cost cost into store

plus 11% plus 13%

10. CURRY POWDER

(a) Palm " "

(b) Sunshine " "

(c) Steric " "

11. CABIN OR NAVY BISCUITS

(a) all brands produced

locally " "

12. LIQUID PETROLEUM GAS

(a) butane gas— cost into store plus

16%

(b) propane gas— "

13. PETROLEUM PRODUCTS

(a) petroleum motor— Cost into store

spirit (PMS) plus 25%

(b) distillate (ADO)— "

(c) kerosene (KERO)— "

(d) mixed outboard

motor fuel— "

SCHEDULE 5

RESTRICTED PRICES FOR TULAGI, KIRA KIRA AND BUALA

(Paragraph 4)

Items of Goods Maximum Maximum Retail

Wholesale

Serial No. Items of goods to Selling price Selling price

which this Act including maximum including maximum

applies percentage mark-up percentage mark-up

1. MILK

(a) Nestle Sweetened landed cost cost into store

Condensed Milk plus 11% plus 14%

(b) Nestlé Sunshine " "

Instant Full " "

Cream Milk Powder " "

2. MEAT

(a) Imperial Corned " "

Beef (Red) " "

(b) Imperial Corned " "

Beef

(Blue—with cereal)

(c) Ox & Palm Corned

Beef " "

(d) Ma Ling Luncheon

Meat " "

(e) Peck's Braised Steak

and onions " "

3. FISH

(a) Solomon Blue Landed cost cost into store

plus 7% plus 10%

(b) Solomon Blue

(Special) " "

(c) Taiyo Skipjack

Tuna " "

(d) 777 Mackerel (with landed cost cost into store

or without plus 11% plus 14%

tomato sauce)

4. SUGAR

(a) all brands landed cost cost into store

plus 11% plus 14%

5. FLOUR (PLAIN AND SELF-RAISING)

(a) all brands—bulk

packages 10kg

and over " "

6. SOAP (BATH)

(a) Lux " "

(b) Palmolive " "

(c) Lyla " "

7. SOAP (WASHING)

(a) Omo " "

(b) Niu " "

(c) Solomon Soaps " "

Laundry Bar Soap

8. RICE (POLISHED)

(a) Local purchases— landed cost cost into store

all brands plus 7% plus 10%

(b) direct imports — landed cost "

all brands plus 10%

9. COOKING OIL

(a) all brands landed cost cost into store

plus 11% plus 14%

10. CURRY POWDER

(a) Palm " "

(b) Sunshine " "

(c) Steric " "

11. CABIN OR NAVY BISCUITS

(a) all brands landed cost cost into store

produced locally plus 11% plus 14%

12. LIQUID PETROLEUM GAS

(a) butane gas— cost into store

plus 17%

(b) propane gas " "

13. PETROLEUM PRODUCTS

(a) petroleum motor— cost into store 25%

spirit (PMS)— "

(b) distillate (ADO)— "

(c) kerosene (KERO)— "

(d) mixed outboard—

motor fuel— "

SCHEDULE 6

RESTRICTED PRICES FOR LATA

(Paragraph 4)

Items of Goods Maximum Maximum Retail

Wholesale

Serial No. Items of goods to Selling price Selling price

which this Act including maximum including maximum

applies percentage mark-up percentage mark-up

1. MILK

(a) Nestlé Sweetened landed cost cost into store

Condensed Milk plus 11% plus 15%

(b) Nestlé Sunshine

Instant Full

Cream Powder " "

2. MEAT

(a) Imperial Corned

Beef (Red) " "

(b) Imperial Corned

Beef (Blue—with

cereal) " "

(c) Ox & Palm Corned

Beef " "

(d) Ma Ling Luncheon

Meat " "

(e) Peck's Braised Steak

and Onions " "

3. FISH

(a) Solomon Blue landed cost cost into store

plus 7% plus 11%

(b) Solomon Blue

(Special) " "

(c) Taiyo Skipjack Tuna " "

(d) 777 Mackerel (with landed cost cost into store

or without plus 11% plus 15%

tomato sauce)

4. SUGAR

(a) all brands landed cost cost into store

plus 11% plus 15%

5. FLOUR (PLAIN AND SELF-RAISING)

all brands— bulk

packages 10kg

and over " "

6. SOAP (BATH)

(a) Lux " "

(b) Palmolive " "

(c) Lyla " "

7. SOAP (WASHING)

(a) Omo " "

(b) Niu " "

(c) Solomon Soaps " "

Laundry Bar Soap

8. RICE (POLISHED)

(a) Local purchases— landed cost cost into store

all brands plus 7% plus 11%

(b) direct imports— landed cost "

all brands plus 10%

9. COOKING OIL

(a) all brands landed cost cost into store

plus 11% plus 15%

10. CURRY POWDER

(a) Palm " "

(b) Sunshine " "

(c) Steric " "

11. CABIN OR NAVY BISCUITS

(a) all brands landed cost cost into store

produced locally plus 11% plus 15%

12. LIQUID PETROLEUM GAS

(a) butane gas— cost into store

plus 18%

(b) propane gas— "

13. PETROLEUM PRODUCTS

(a) petroleum motor— cost into store

spirit (PMS) plus 30%

(b) distillate (ADO)— "

(c) kerosene (KERO)— "

(d) mixed outboard

motor fuel— "

----------------------------------------