Profiteering Act, 1Q1Q.
[9 & 10 Geo.] 5]. [Ch. 66].
AN ACT TO CHECK PROFITEERING. [19*". August 1919].
Whereas it appears that the prices of articles are, to the detriment of the people, being errhanced in some cases by the charging of prices yielding an unreasonable profit to the persons engaged in the production, handling, or distribution thereof:
Be it therefore enacted by the King's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows: —
Powers of the 1.—(1) Subject to the provisions of this Act, the Board of Trade Board of shall have power in respect of any article to which this Act applies— Trade to ^ to inVestigate prices, costs, and profit at all stages, and for compi'aints tnat purpose by order to require any person to appear
and take pro- before them, and to furnish such information and produce
ceedings. such documents as they may require; and on any such
investigation they may by order fix maximum prices; and (b) to receive and investigate complaints that a profit is being or has been since the passing of this Act made or sought on the sale of the article (whether wholesale or retail) which is, in view of all the circumstances, unreasonable, and on any such complaint they may by order, after giving the parties an opportunity of being heard, either dismiss the complaint or—
(i) declare the price which would yield a reasonable profit; and
(ii) require the seller to repay to the complainant any amount paid by the complainant in excess of such price.
(2) Jf, as a result of any investigation undertaken on their own initiative or on complaint made to them, it appears to the Board of Trade that the circumstances so require, the Board shall take proceedings against the seller before a coutt of summary jurisdiction, and if in such