SCIENTIFIC SIDE
VIEWS OF ECONOMIST
PRODUCTIVE CAPACITY TOO GREAT
SYDNEY, 18th November. At tho Coal Commission to-day irank Mauldron, senior lecturer on economics at Sydney University, gave evidence that the coal industry _ s burdened with too great productive capacity, both in equipment and manpower. Three-quarters of tho total workable reserves of coal in Australia lay within New South Wales, and GO per cent, of the best and most accessible deposits were in the northern fields about Maitland and Cessnock The witness added that there existed a very considerable concentration 'of ownership and control, which had not been intense enough to prevent free competition among tho collieries ou all the fields for the availablo coal business, but it had made possible a noncompetitive control of coal values for it had given the most" important collieries in the northern district a virtual monopoly and power to set a price level over an area throughout which the bulk of tho coal was sold in Aus'jl!i,Mo™mri the demand for coal in 1927 could have been met with three-quarters of the colliories, colliery equipment, and colliery labour then existing.
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Bibliographic details
Evening Post, Volume CVIII, Issue 122, 19 November 1929, Page 9
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184SCIENTIFIC SIDE Evening Post, Volume CVIII, Issue 122, 19 November 1929, Page 9
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