COAL MINES
NATIONALISATION AIM DUNEDIN”COMMENT. CP.A.) DUNEDIN. Dec. 5. “Nationalisation of coal mines is very much in the air at present," said Mr.’ James Begg, chairman of directors, at the annual meeting of the Westport Coal Company yesterday. "This has never been adopted as its policy by the present Government, but the Minister of Mines, the Hon. P. C. Webb, has left little room for doubt that it is his policy and to a considerable extent he has been successful in bringing it about. "You will have noticed,” the chairman added, “that the company’s shares have advanced in price by about 5s in the last few weeks. The directors do not know of any reason for this rise in price. It may be due to rumours that the Government intends to take over the- company’s mines, but no negotiations of any kind have taken place with this end in view. The balance sheet and what I have said to-day give all the information about the company’s affairs and the shareholders must judge for themselves what their shares are worth.”
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Gisborne Herald, Volume LXXI, Issue 21579, 5 December 1944, Page 2
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179COAL MINES Gisborne Herald, Volume LXXI, Issue 21579, 5 December 1944, Page 2
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