The Bill was read a second time in the House
of Lords on Friday week. Lord Milner stated that the only, real remedy for high prices was increased production, but that it would takt time, and meanwhile some immediate action was necessary. There was no doubt that inquiry in many cases would prove that high prices were inevitable, but here the Bill would serve a good purpose in making the situation clear. It would also, he held, act as a powerful deterrent. " For one man that is discovered and punished for ' profiteering' there will be thousands of men who will restrain themselves and put a limit to their greed of gain rather than suffer the penalties of exposure." On Monday in the House of Lords the Bill, with a few drafting amendments, passed through the Committee stage and was read a third time, and it received the Royal Assent on Tuesday. Both Houses have risen till October 22nd.
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