BRITISH MINES BILL
NO NATIONALISATION WAGES TO BE BASED ON PROFITS. By Telegraph-Press Assn.—Cop; right Reuter’s Telegram. LONDON, July 1. Moving in tho House of Commons tho second reading of the Mines Bill, the President of the Board of Trade, Sir R. Horne, emphasised tho point that there would be no nationalisation of tho coal industry. But control would bo both by the State and the committees, on which tho workers would bo represented. After August 31st, the Minister would have power for n year to regulate tho pit prices, wages, and the amount of exports; and, thereafter, tho Board would lay down general principles, so that rates .would us far as possible bo uniform throughout the country. Thus wages would bo baaed not on tho selling price, but on profits. The bill provides for an annual levy for ftvo yeans of a penny a ton on coal, producing a million per annum to bo devoted to tho social welfare of the mining communities.
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Bibliographic details
New Zealand Times, Volume XLVI, Issue 10632, 3 July 1920, Page 8
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164BRITISH MINES BILL New Zealand Times, Volume XLVI, Issue 10632, 3 July 1920, Page 8
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