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Price Commission

British  

noun

  1. (in Britain) a commission established by the government in 1973 with authority to control prices as a measure against inflation. It was abolished in 1980

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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The chairmen of the Pay Board and Price Commission will have authority to seek injunctions and fines against violators big or small; such cases will be prosecuted by the Justice Department.

From Time Magazine Archive

What sort of people will Nixon choose for the crucial posts of "public" representatives on the Pay Board and Price Commission?

From Time Magazine Archive

A machine-tool maker, for example, could conceivably be fined $5,000 for every tool shipped at a higher price than the Price Commission proposes to allow.

From Time Magazine Archive

Sooner or later, the Pay Board and the Price Commission will have to issue rulings that will be hotly disputed.

From Time Magazine Archive

Chairman Lynn Townsend voiced the hope that the Price Commission will allow some increases on '72 models, which came out during the freeze.

From Time Magazine Archive

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