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Show I oKftVE f Putting War Price Policy Into Operation on Basis of Reas-' Reas-' onarle Profits. A TO PROTECT- PUBLIC To Adopt Drastic Action to Reduce Prices If Producers and Manufacturers Fail. 'i i . I WASHINGTON, Aug. 9 Work of Putting Into operation tho administra-z administra-z " tion's war price policy providing for f the purchase of war materials for tho United States and its allies on a basis 1 , - .of "reasonable profits" was begun at today's session of tho war industries ' , board. Definite assurances are included In ; . the board's program that tho Amori- can public will be protected against f Profiteering. Preparations are being Wade to adopt drastic action to reduce I .Prices In case negotiations with pro--i ducere and manufacturers fall. |