STATE INDUSTRY.
N.S.W. and British Capitalists
Co-operate.
COAL DISTILLATION.
(Received 9.30 a.m.)
SYDNEY, this day,
The Sta,te Government and the representatives of . a powerful group of British capitalists are negotiating'for the creation of- a new industry, namely, the distillation, of coal and the manufacture of chemicals- at Newcastle, the development of which will involve nearly £3,000,000. The industry will also he carried, -on at Moscheto Island, where a long lease' will be acquired by the capitalists. The,agreement is now 'awaiting 'signature. "
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Bibliographic details
Auckland Star, Volume LXI, Issue 130, 4 June 1930, Page 7
Word Count
81STATE INDUSTRY. Auckland Star, Volume LXI, Issue 130, 4 June 1930, Page 7
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