72 COMMERCIAL FISHERIES REVIEW Vol. I3, No. 4 



RECORD-W^-'PTKa REQ.UIREMEINTS (g PRICE CONTROL PROGRAM ; OPS' s Assistant Director 

 of Enforcement on March 18 directed his field investigating staff to begin an im- 

 mediate nationwide check to make sure that manufacturers and wholesalers are keeping 

 full price schedules and records required by the price control program. 



Evidence already received indicates there is widespread non-compliance with 

 the record-keeping requirements of OPS, the Assistant Director reports. 



All regional and district offices are soon to receive a manual outlining in 

 detail exactly what records must be kept by manufacturers and vdiolesalers in order 

 to comply with the law. This manual will be followed up by a second booklet deal- 

 ing with retail merchants' record requirements. An investigation of retailers was 

 expected to begin on a nationwide basis sometime after March 22, the date the re- 

 cord requirements becojne effective, 



OPS regional and District offices now are staffed with personnel qualified to 

 "answer questions pertaining to OPS regulations and assist all persons in connection 

 with the preparation of records and statements." 



The record-keeping requirements that must be fulfilled by wholesalers and re- 

 tailers by March 22 were outlined by OPS as follows: 



1. The seller must preserve all records in his possession showing the 



prices charged for all conmodities or services delivered or offered 

 for delivery during the period December I9, I95O, to January 25, 1951, 

 and (as to wholesalers or retailers only) records establishing the 

 latest net cost incurred by the seller prior to the end of that 

 period with respect to each such item. 



2. Each seller must prepare a statement showing the oatsgories of com- 



modities or services in which he made deliveries or offers for de- 

 livery during that period. The "categories" referred to are such 

 general groupings as "infants' wear," "bedroom furniture," "hand 

 tools," "cosmetics and toiletries," etc. 



3. Each seller must prepare a ceiling price list listing and describing 



in detail (by model, type, style and kind) each separate item and 

 each separate service delivered or offered for delivery by him dur- 

 ing that period, together with a statement of the ceiling price for 

 each such item as determined by reference to the highest price 

 charged during that period. 



4. Each seller must also prepare a statement of his customary price 



differentials and terms and conditions of sale and different classes 

 of purchasers which were in effect during the same base period, 

 that is, December I9, I95O to January 25, 1951. 



5. Each seller must also continue to prepare and preserve all records 



of the kind which he customarily kept showing the prices charged for 

 all commodities or services, and he must also prepare records indi- 

 cating the basis upon which his ceiling prices have been determined, 

 as required by the regulation, for commodities or services not sold 

 by him during that base period. With respect to retailers alone, 

 they are required to preserve all purchase invoices and to record on 

 them their initial selling prices for the item or items covered by 

 the invoice and the section of the regulation under which their ceil- 

 ing price or prices for these items wei^ determined. 



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