COAL PRODUCTION
BRITISH BOARD SHOWS LOSS A surplus of well over £1,000,000 was achieved by Britain’s National Coal Board in the first nine months of this year. The third quarterly report recently published shows, however, an estimated deficit of just under £373,000 for the third quarter, colliery profits amounting to £3,477,000 against £3,850,000 for interest and interim income payable to the Minister of Fuel and Power. This deficit is attributed mainly to the summer holidays in the industry which the board says “ materially affected” colliery output costs and proceeds. A contributory factor was the payment of arrears of retrospective wage increases to coke-overi workers.
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Bibliographic details
Otago Daily Times, Issue 26958, 18 December 1948, Page 8
Word Count
104COAL PRODUCTION Otago Daily Times, Issue 26958, 18 December 1948, Page 8
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