REORGANISING COAL INDUSTRY
UNIFYING ROYALTIES
(Received November 14, 7 p.m.)
LONDON, November 12
The Government's plans for the coal industry are embodied in the Coal Bill, 1937, which was issued la:t night. Provision is made for the unification of royalties under the ownership and control of the new Coal Commission.
The reorganisation of the industry is furthered by a scheme for transferring to the commission the functions of the Coal Mines Reorganisation Commission, and by varying the powers of compulsory amalgamation.
The bill provides that each owner of principal coal hereditaments is to receive in compensation his proportion of £66,450,000 which, in accordance with the special tribunal's finding, is to be paid for the whole property.
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Bibliographic details
Press, Volume LXXIII, Issue 22250, 15 November 1937, Page 10
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116REORGANISING COAL INDUSTRY Press, Volume LXXIII, Issue 22250, 15 November 1937, Page 10
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