STATE COAL MINES.

Hawera & Normanby Star, Volume LXXII, Issue LXXII, 9 July 1917, Page 5

STATE COAL MINES.

EFFECT OF GO-SLOW POLICE

COAL PRICES T(J BE INCREASED

(Special to Star.)

WJ^j.liNGi.u.N, July 7. bWil la a iii^uo xov tieproojccy)ii. JU"Si .vcar, uwunu^ LO tue .^orc oelOIC J-'iniaiia'"L, wu* a i 4 cl pront, *.±o,*zx, tyaal lo 0.-o per t-cuc. on UiC! *«y^, Wuti inubLljr H-OIU U,C OIU cv/uico uc x-oiiit iMizaoeui, wincii is luyiuij ajjpru«eiiiiig exJUiu^uon. me i^nei-pooi mine, wu.cn is m its oeveloprS-!. 1,^ I",^ U/ JlUtl JJavC iin<JWn IJti^ itsoas but lor the go-*iow poncy auuptea by tile miners, xnus comery, Tr dl-?\ f epurt> lc>tUiiie^ net pront infT? '"* agaiust a oi f' IU)Ui3. 1-st year. While the nguics inaicate a good recovery trie result is uisappomung m view oi the toiuiuae prouucoa urn tne m r ge capital expenditure (1:172,UB8) on tmciT mleiest laas to be earned. In order to pn.ee tms colliery on a sound looting it is imperative that the present i ob raie* iur coal shomd be increased 'to eacn au extent as to provide a. reasonable net profit on tiie undertaking and to permit a sufficient sum to be set aside annually as a sinking fund Aiiot-ner suggestiou tor increased coal prices appears in the portion of the ra port deahng witn me retail depots vrnich only showed a profit of ij Wellington and Wanganui made losses' but uimstenurch (owing to a las s^n-nt. and Suned- »& Tile supply of house coal for these coT P tS 1S glViDg the department some concern owing to the approacnuig exhaustion ot tne Point Elizabeth mine. A* there is no other area of coaj availl able tor exploitation from the present mine-openmgs, the question^T ZT,\ Stl°? ld be furt^r tested. The neld has been systematically bored and a moderate area of c&l proved but In order thoroughly to test The qual% and hardness of the seam it was deemshaf£ SS b tIG t0 Sink, at WTo shafrt rtl T ere Belected for two K;.;-i»*;av;.Kr-" WhiCh is MW f-t«-tely