COAL WAR.
PRODUCTION BELOW COST.' 1 ' MINES MAY BE CLOSED. ' Speaking' to-day at; the first- annual meeting "of;-Wilton ,Collieries, ■» Ltd., Mr. H. Lukej' -■ of directors, expressed the opinion that the present price war between coal companies in tlie Waikato..'would 'hasten the closing down of at least two of the smaller mines.-''. r - ' v : * ' ' ;"No company .can afford. .to. continue indefinitely to sell coal at below- cost,' he said. • Reductions in price, however, ,would not ( prevent .the .'.new company from showing a profit in the near futme, lie continued. Some mines would have to fail, two. he knew of -. personally being sure-to cease work-this year.
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Bibliographic details
Auckland Star, Volume LXI, Issue 222, 19 September 1930, Page 9
Word Count
104COAL WAR. Auckland Star, Volume LXI, Issue 222, 19 September 1930, Page 9
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