ENORMOUS COAL WEALTH

Taranaki Daily News, 20 December 1924, Page 13

ENORMOUS COAL WEALTH

ASTON ESHTNG FJGI RES. SOUTH WALES’ RESOURCES. Sydney, Nov. 27. Calculations published recently reveal the almost incredible wealth of coal that New South Wales possesses. The Broken Hill lode regarded as one of the wonders of the world, because it has already produced silver, lead and zinc to the extent of £120,000,000, but the State’s heritage of coal makes the Broken. Hill

output almost tiny by comparison. Up to date well over 300,000,000 tons of coal have been won. Taking the value of coal at the pit’s mouth at £1 p- f ton, the value of the actual c.al reserves of New Soub Wales reach’s the fabulous sum of £20,000,000,000, because it is computed that 20,000,000,000 tons of coal of the best quality may be won from areas' already known and opened up. not to speak at all of possible reserves, estimated by the Government Geologist 1 i\’>,ooo.ooo,ooo tons in addition. As has been rightly said, the inv j mensity of the heritage that Australia, j and especially New South Wales, possesses in her coal supplies is perhaps j not sufficiently comprehended by i