asked the Minister for Industry and Commerce whether he is aware that the highest return from moneys invested in industrial undertakings in this country obtains in the clothing trade; and, if so, whether, in view of the necessity for the provision of clothing for our people at reasonable prices, he will forthwith introduce effective price control to ensure that the price of clothing in future is pegged at a reasonable level.
Ceisteanna—Questions. Oral Answers. - Clothing Prices.
I am not aware that the highest return from money invested in industrial undertakings obtains in the clothing trade. Control over the selling prices of clothing is exercised under the Cloth, Clothing and Knitting Wool (Maximum Prices) Order, 1947, which is still in operation. Manufacturers' profits are kept at reasonable levels and the margins taken by wholesalers and retailers have been under constant review, with the result that the percentage allowed has been materially reduced.
Can the Minister say that all the people in the clothing trade receiving this protected commission or profit are, in fact, in possession of materials for sale?
So far as I know, they are. I do not know that there has been any change in this particular industry any more than any other industry.
Would the Minister inquire into that point?
I can assure the Deputy that we pay the closest possible attention and there is no aspect of it that we have not brought under review.
Would the Minister give us an idea as to the point at which the basis of profit is arrived at? Is it the City of Cork, the City of Dublin or the whole of Ireland?
The whole country.
Would the Minister say whether there is any truth in the statement made by Deputy Martin O'Sullivan that the profits of these concerns rose by 2 per cent. last year as compared with the previous year?
It has been published.