MOUNT MORGAN

Poverty Bay Herald, Volume LIII, Issue 16371, 20 June 1927, Page 7

MOUNT MORGAN

PROSPECTS OF CLOSING DOWN

BRISBANE, June 6.

The prospect of Mount Morgan mine being closed down is unwelcome, especially ”111 the present condition of unemployment. Perhaps six months will see tlie completion of operations on ore of a profitable nature, and no material available for treatment, and then the balance of the 6GO men at the works will, as one Minister tins put it, have to go elsewhere with some hope of partial absorption m cotton picking during the season, ingomar, the barbarian, scoffed at the idea of becoming a farmer—he, a maker of swords, and a user thereof on occasion —and so the Mount Morgan miner will scoff at so tame an occupation as cotton picking. it is believed that, in face of the losses at the mine year by year, the shareholders wilt prefer to realise assets and go out with the present market value of shares’, but. there is a remote hope that a bounty on copper production may be given by fhe Commonwealth, and that. Slate assistance, which has been given for some years, may encourage the company to continue. Labor conditions for a long time, have been very troublesome, with some grave sabotage in the last strike, and it is doubtful whether there will be n shred .of sympathy on the part of the proprietary with the employees. One by one our mining fields are going under, with the exception of tin, which can bear high costs and that industry is being destroyed by exotic labor conditions.