BRITISH MINING
EVIDENCE AT INQUIRY OWNERS’ PROFITS AND ROYALTY PAYMENTS By Telegraph—Press Association. Copyright. (Rec. April 25, 11.5 p.m.) London, April 24. At tho opening of the miners’ case at the coal inquiry, Mr. Herbert Smith asserted that the' owners were making handsome profits, even after the payment of huge royalties. Among the latter yearly recipients were Lords Durham, £38.000; Lord Dunraven, £64,000; the Duke of Hamilton and the Marquis of Bute, £115,000 each; the Duke of Northumberland, £82,000; Lord Tredegar, £84,000. The coal-owners, replying to Mr. Shinwell’s price criticism, declare that the figures of a few individuals would be an unsound basis. The federation is determined to give the public facts, therefore it was decided to compile a full statement of the average profits, with a chartered accountant’s certification. —Aus.-N.Z. Cable Assn.
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Bibliographic details
Dominion, Volume 18, Issue 181, 26 April 1924, Page 4
Word Count
133BRITISH MINING Dominion, Volume 18, Issue 181, 26 April 1924, Page 4
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