ہیں۔
Monday, June 18, 1973
PUBLIC URGED TO STOP PANIC BUYING OF RICE
The Commerce and Industry Department today urged the public to
cease "panic buying" of rice at inflated prices.
Action taken by the department has already resulted in lower
prices at many retail stores.
"But our efforts to bring about a return to normal prices will
be severely hampered if the public continues to buy rice at unreasonable
prices, and in unnecessarily large quantities," a spokesman for the
department said.
"As we have already stated, we are confident that supplies can
be maintained at a satisfactory level, and there is no cause for public alarm."
The spokesman said that auctions taking place today would put
even more Thai rice on to the market, and pressure would be maintained through the rice control scheme to keep prices at a reasonable level.
"We have already warned wholesalers that increases in their
'mark-up' to retailers will not be tolerated," he added.
The spokesman said that Hong Kong's reserve stocks were sufficient
to last for well over two months, and there was no fear that these would
run out as imports from China, Australia and the United States continue to
come in.
Note to Editors:
Pictures of the rice auctions will be boxed this
evening.
A;