S.I. No. 223/1984:

PRICES (STABILISATION OF PROFIT MARGINS OF RETAILERS OF MOTOR CARS) ORDER, 1984.

PRICES (STABILISATION OF PROFIT MARGINS OF RETAILERS OF MOTOR CARS) ORDER, 1984.

I, JOHN BRUTON, Minister for Industry, Trade, Commerce and Tourism, in exercise of the powers conferred on me by section 22C (inserted by the Prices (Amendment) Act, 1965 (No. 23 of 1965)) and section 22F (inserted by the Prices (Amendment) Act, 1972 (No. 20 of 1972)) of the Prices Act, 1958 (No. 4 of 1958), and the Trade, Commerce and Tourism (Alteration of Name of Department and Title of Minister) Order, 1983 ( S.I. No. 384 of 1983 ), hereby order as follows:

1. This Order may be cited as the Prices (Stabilisation of Profit Margins of Retailers of motor Cars) Order, 1984.

2. This Order shall come into operation on the 1st day of September, 1984.

3. In this Order "motor-car" means a vehicle which derives its motive power from an internal combustion engine not exceeding 16 horse-power (calculated in accordance with regulations made by the Minister for the Environment under Section 1 (3) of the Finance (Excise Duties) Vehicles Act, 1952 , (No. 24 of 1952), for the purposes of the rates of duty specified in paragraph 6 (d) of Part I of the Schedule to that Act) and to which the said paragraph 6 (d) applies.

4. (1) The amount in money by which the price at which a motor car is sold in the course of business by any person engaged in trade or commerce, being a retailer of motor cars, exceeds the price at which the car is bought by that person shall not exceed 25.5 per cent of the price at which the car is bought by that person.

(2) In paragraph (1) of this Article "price", in relation to a motor car, means the price at which the car is bought or sold, as the case may be, excluding any value-added tax, or duty of excise, chargeable on the car.

5. The Prices (Stabilisation of Profit Margins of Retailers of motor Cars) Order, 1983 ( S.I. No. 181 of 1983 ), is hereby revoked.

GIVEN under my Official Seal this 23rd day of August, 1984.

JOHN BRUTON,

Minister for Industry, Trade, Commerce

and Tourism.

EXPLANATORY NOTE.

This Order fixes the maximum profit margins which may be taken by retailers of motor cars not exceeding 16 horse-power and revokes the Prices (Stabilisation of Profit Margins of Retailers of Motor Vehicles) Order, 1983.