WELSH COAL TRADE.

Grey River Argus, 3 May 1922, Page 3

WELSH COAL TRADE.

AN IMPROVEMENT SHOWN. (Received May 2, 9.35 p.m.) LONDON, May 2. The South Wales coal trade shows a marked improvement, though the owners continue to fare badly. The disposal surplus over standard profits for March amounted to £227,837, of which the owners are entitled, under the late settlement agreement, to 17 per cent. The balance, however, being insufficient to pay the agreed minimum wages, the owners had to sacrifice their share of the surplus above standard profits, also giving £171,381 from the standard profits, which increased the loss since November to £1,300,000.