By Nancy R Anderson; Gustaaf Adolf Van der Hoeven; Kansas State University. Cooperative Extension Service
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Extra resources for Forcing bulbs
In the 1950s and early 1960s it was always the industry's intention to keep the level of capacity utilisation as high as possible and the relatively high level of exports at that time enabled this to be achieved, aided by imports when home demand exceeded capacity. However, with the decline in the export trade from the beginning of the sixties (due in part to the major manufacturers' policy of establishing cement works abroad) it became more difficult to achieve the necessary balance without either a high level 2.
In other words, the agreement, by reducing the riskiness of investments resulted in a lower but surer return on capital being accepted by the companies and that this lower return was passed on in the form of lower prices. 8 In Chapter 3 this decision will be discussed further, particularly what it asserts about the nature of the risks which producers would do and face. In 1974 the agreement was once more brought before the Restrictive Practices Court when an application was made that the previous ruling of the Court be discharged, on the grounds that there had been a material change of circumstances.
Beyond this basing point, transport costs are charged as radial distance increments arising at each 5 miles radially in England and Wales and at shorter intervals in Scotland and 6. Confirmed in F. Machlup, The Basing-point System, Philadelphia 1949. 24 Northern Ireland to reflect the higher transport costs. As a result of this system the price a purchaser pays is the price at the nearest basing-point works plus transport costs based (in England and Wales) on the number of 5 mile concentric zones between the basing point and the customer.