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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

Major points: ONE: A Pay Board and a Price Commission will be created as the heart of the Phase II apparatus.

From Time Magazine Archive

TWO: After devising general rules, the Pay Board and the Price Commission will weigh particular increases case by case.

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

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