asked the Minister for Industry, Trade, Commerce and Tourism if he is satisfied with the workings and recommendations of the National Prices Commission; and if he will make a statement on the matter.

The National Prices Commission was established in October 1971. Its function is to keep under review the prices of commodities and the charges for rendering services and for carrying out work or processes and to advise me in relation to such prices and charges.

The commission has published reports on its activities on a monthly basis since its establishment. Since October 1971 the commission has considered over 6,000 price increase applications. Most of the commission's recommendations have been accepted.

I am satisfied with the manner in which the NPC has performed its functions over the years.

It is often said by consumers that companies put in larger claims than are warranted. Quite a number of the 6,000 applications were granted in full — obviously the Minister has not got that kind of breakdown before him. It is being said that the National Prices Commission are in need of radical review. I know the Minister does not like the word "review" but there is an impression abroad that applications for increases are being made that are greater than the market needs. Will he consider looking at the whole matter of the National Prices Commission?

The commission have at their disposal a consultancy unit composed of highly qualified people. In addition, the commission meet once a week. They can go through all the applications and if they consider there is any padding in the applications they can eliminate it in their recommendations to me. Since 1979 the main thrust has been concentrated on those firms that are in what is called a dominant position in the market. They do not spread their investigations over all firms but concentrate on firms where there is a possibility of overcharging and that combination of concentration and resources should mean that excessive applications should not be sanctioned.

Is the Minister satisfied that whatever increases are allowed subsequent to the investigation of the NPC are monitored? Are the commission aware of what happens subsequent to their recommendations being accepted?

That seems to be a separate question.

It is vital with regard to the whole operation of the NPC.

It may be, but it is a question of the administration of price control and not the fixing of prices.

It is a reasonable question.

It might be a reasonable question if it were asked at a reasonable time.

I am asking the Minister how the whole matter is monitored subsequent to an application being granted.

I have indicated in respect of those exempted that they are reviewed annually. In the case of those subject to detailed price control, the next time they come looking for a price increase everything that has happened since the former increase was sanctioned is considered by the commission.

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