PROSPECTS OF SETTLEMENT.
CONSIDERED TO BE BRIGHT.^ (Received April 12, 12.10 p.m.) LONDON, April; 11. The fact of the miners agreeing to meet the owners is accepted as evidence that the strike will now be settled, and the resumption of work at lower wages is expected to produce an immediate fall m the cost of living with a proportionate improvement m wage values. The anticipated settlement will be the turning point as regards the trade depression. The Government's- intimation that it is prepared to grant monetary assistance to tide over the wage difficulty m unproductive districts has greatly helped the situation. In the House of Commons, Sir Robert Bridgeman stated that forty pits were completely flooded, * involving 16,000. It was impossible .to forecast bow many pits would again be workable. The amount of irrecoverable payments made to the total industry for the five years ended March last was £14,250,000, and it was estimated that a further £2,000,000 would be required for outstanding claims.
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Ashburton Guardian, Volume XLI, Issue 9488, 12 April 1921, Page 5
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163PROSPECTS OF SETTLEMENT. Ashburton Guardian, Volume XLI, Issue 9488, 12 April 1921, Page 5
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