COAL LOAN.
CAPITALIST PLAN. Miners to Pay. (Recd. July 21 at 8.10 p.m.) LONDON, July 21. The Daily Herald (Labour) persists in saying that “Big Businesses” and the banks, fearing a long spell of stagnation if the coal strike continues, will exert pressure on Mr Baldwin for a resumption of work at the pre-stoppage terms with the assistance of a public loan to the industry pending its re-or-ganisation. The Daily Herald says: “There is a scheme drawn up in the city,. It provides for a loan that shall be repaid by a levy of one penny per ton on all the coal sold, which means that the
miners will have to pay eighty-three per cent of the principal and interest of the loan, this percentage being the miners ’ proportion of the proceeds of the industry.
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Bibliographic details
Grey River Argus, 22 July 1926, Page 5
Word Count
135COAL LOAN. Grey River Argus, 22 July 1926, Page 5
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