COAL COMMISSION.
OFFICIAL REPORT. MR BAVIN'S FIGURES CONFIRMED. (UKtTID PRBBB ASSOCIATION—B* BT-*CT*IO TEUtOHAPH—COPTttIGST.) (Received September 24th, 12.10 a.m.) SYDNEY, September 23. The interim official report of the Coal Commission is available to-night. It supports the statement made by the Premier (Mr Bavin) earlier in the year, that the average profits associated with the northern coal proprietors, representing the ten collieries, were approximately two shillings a ton. As a matter of fact, the Commission finds that the average profit from the saleable output of coal derived by these companies in 1927 amounted to two shillings one decimal sixpence. The average saleable output of coal in that year was 5,064,657 tons, and the profits therefi om amounted to £510,37b, If the last proposition put up by the miners at the time this enquiry was instituted still stood, the men under its terms would now have to submit to a wage cut of lOd a ton.—Australian Press Association.
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Bibliographic details
Press, Volume LXV, Issue 19732, 24 September 1929, Page 11
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155COAL COMMISSION. Press, Volume LXV, Issue 19732, 24 September 1929, Page 11
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