COAL LOAN.

Grey River Argus, 20 July 1926, Page 5

COAL LOAN.

A NEW PLAN. To Keep Non-paying Mines Going! LONDON, July 18. Afr Arthur Henderson at AVallsend, said the Government should undertake to provide a loan for the coal industry on the easiest possible terms. The Government has rejected the church leaders’ proposals because they would involve a subsidy of eight to ten millions. Nevertheless, the Miners’ Executive expect to be recalled to London next week to consider a settlement, assisted by loan of twenty millions se cured on the coal industry for which the sinking fund and interest would be provided on the tonnage raised, and shared equally by the royalty owners, proprietors, and miners. This would enable the non-paying mines to remain in operation. The committee of owners and miners under the chairman-,-hip of the Marquis of Reading would then be appointed to'-secure a settlement.

Baldwin an Obstacle. HIS OPPOSITION TO THE BISHOPS (Reed. July 19 at 7.10 p.m.) LONDON, July 19. The Daily Chronicle complains of Air Baldwin “throwing cold water on the church leaders’ proposals in regard to a coal settlement” The Chronicle states: “All that they ask is that the Government should assist in maintaining the pre-strike wages and hours at the cost of an extra three millions beyond the three millions which the Government has already offered as a temporary subsidy.” The Daily Chronicle adds: “The stoppage is costing the country at least twenty millions per week. Afr Baldwin’s slogan. ‘No subsidy!’ is worse than folly.” The Welsh Miners.

OBJECT TO RELIGIOUS LEADERS' TERMS. (Reed. July 19 at 8.5 p.m.) LONDON, July 19. The Executive of the South Wales Miners’ Federation has considered th? intervention of the leaders of religious bodies. Th? Executive decided that the terms they have suggested were in opposition to the decisions of the Miners’ Conference in South Wales. The South Wales Federation, consequently, has urged the Miners’ Federation of Br'.tain that authority to present i.-J proposed terms for settlement be withdrawn, pending the culling of a National Conference to discuss the matter. RELIGIOUS PAPER’S OUTBURST. AGAINST AIINERS- SECRETARY. (Reed. July 19 at 8.5 p.m.) LONDON, July 19. The paper “The Catholic Herald,” which so far has always supported the Labour Party, in an article on the coal position, declared: “The Labour Partv is falling more and more under the (domination of the Left Wing, which takes its orders from Afoscow. ” The paper says: “Afr Cook, the miners’ agent, is blatantly Bolshevik. The Catholic miners find themselves rush ed into a position where this frothy Communist speak*: for them. This fact is greatly disturbing the Catholic Trail. Unionists. ’’