BRITISH COAL INDUSTRY.
SOLUTION OF THE CRISIS
MUTUAL GOODWILL URGED
LONDON, Jan. 31
The Star expresses the view that the Prime Minister (Mr Stanley Baldwin) is desirous if conferring with the owners and miners regarding the Coal Commission’s recommendations, hoping that mutual goodwill will solve the crisis and prevent a renewal of the subvention in May. He will ask the Trades Union Congress to grant a loan to the miners, as 87 per cent of the subsidy is expended in wages. It is pointed out that trades unions’ funds are capable of offering a loan. The railwaymen’s and engineers’ reserve fund’s alone aggregate £3,250,000. A loan at the current rate of interest would he both a sound investment and a great benefit to the public.
The coal subsidy up to the present has amounted t-o £12,184.000. The Trades Union Congress has warned the miners’ secretary, Mr A. .J. Cook, not to expect national support unless the miners drop their irreconcilable attitude and advance helpful proposals.
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Bibliographic details
Hawera Star, Volume XLV, 13 February 1926, Page 9
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165BRITISH COAL INDUSTRY. Hawera Star, Volume XLV, 13 February 1926, Page 9
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