BARRIER DISPUTE

Dominion, Volume 2, Issue 411, 21 January 1909, Page 7

BARRIER DISPUTE

• OWNERS' DEFENCE: -■ PROPRIETARY'S PROFIT MARGISR; '',- (BY TELEGRAM-PRESS ASSOCUTION-^CW'Tl^S^'ii; Sydney, . January £so.fe The, Broken : Hill ■Eropiletary'-i «rCQlt)p>Ti^ ; has'.filed in the Federal,.' Arbitration Gouit> an answer to. the unib'n's^iaims;" l ; "&*r '■& It contends' that : t\p. ivages rujm'g in-'b'nj-'i mine should not arid tlint, if tho-old : rato''Mntimicdr%ffi? culties would be' "placedTin"'thc way of pro" fitably working tho Proprietary sidering tho amount ;a.nd;;natur«; .if ;tllO!Qrcremainingin the mine;.; tho-. treatment, .and/the '.fail nV'^hp^pn^s,'sr metals. •■ . : . ■ •''".■■'-'-7•■>•'-;-" BIGG I ER CONCERN7^AUEB/';.PRpFiTS'; i; It has been alleged/jthwitiio'.'irbprietftrv':' .now past itsi prime, is managed muoh more 1 expensively, than when;.-it' and that,. ln fact, it is over-managed, Somr little time ago, before' tha presold crisis' baa become acute, an Australian paper • rWUiI: „.«* I. a K'? allh ° concern'isn't always l sb ; 6uo-' ; , ■ oesstul as a smaller one is 'forcibly'proved'Miv <! a comparison pf tho figures of tho B.H. Proprietary Company for the six .month£eudori.' respectively flay 31, .189S, «■%» lno loading, fignres aro;-"-. .-.■-. .. ......;. . ..''.'' Half-"year '"Half-year .""'■' . ~'',, May, 189 S. ;.May,-1903.-Average price silver (standi , ...... ■' ■ ard) ... ... ... r i,:-,2Wi.' ; .« '" ! -2/iv Av«ag<>.price lead ...;.^l3/8/'p;;.,u; i £i#7fG, Ore raised (tons),.. ;.-. >' J33 isi - • ---273 55T J Silverproduced ,(az.) : J£ Lead produced (tons '....,'„•:: 15,803.,'.;,:. ,!.:30,H0. Gold produced (03.) -~,,,..,-..8; i g0,:- -..-■.• ■~.m ~: Net., profit ... „. ~,.,, .:£i2m\ Dmdeivds ...,. „.. ~.,> J5i«,000.:-. -, ■i>72,000 ; 1 Liquid assets. ...: . ...,, ~£512,863j:~;„^525(13-! Working account expenses- J2579.603Bulhon.and refinery ac- .;•'.. . .* • ;i count ... ~. ... ;" \ j&}%&\} 'T?or-the latter six months 1 -a' larger -%rinaße''l of ore was raised, the price of lead was higher, I yet the profit was over :less. over, iho prodnot of tha later sii months included tho result of a heavy tonnage of purchased concentrates. -lit' 'favour' '.'of .Ejie"jg9S' half-year was ,the gold' ; and ; the-higher-ferade' ?L th6 i or? taken f rom .the. open', cuts., .!,:Sirice ; 1698, too, wages, have greatly inoreased; andpre has;to bo mmed from'great'er'depths. andthe grade is lower. The company has-to face! greater difficulties to-day,than it did"lo year's l ago. Its ramifioatbus'-'arb'greater, it s employs 1 many more men, it raises movo.ore.,yet tu profits have decreased/.',, 'f.[ LSI ,