BRITAIN’S COAL.

Timaru Herald, Volume XCVIII, Issue 170576, 5 August 1921, Page 7

BRITAIN’S COAL.

EXPORT PRICE HIGH. MINKRS STILL IDLE. By ISserbrio Telegraph—Copyright. Australian and N.Z. Cable Assoeiatiaffl* Received 5.5 p.m., August 4. LONDON, August 3. The Coal Exporters’ Association has written to Mr Lloyd George protesting against the present high prices of coal, which they declare are contrary' to the spirit of the settlement under which tho Government provided £10,000,000 in. order to enable the collcries to recover the homo export trade. The association maintains that there is danger of a glut owing to the present high output. There is also danger of t-liis leading to short time at the mines and. precipitating another crisis. The Ministry of Alines .points out that the prices now are entirely a matter of supply’ and demand.

WEEK'S OUTPUT

Tho Board of Trade reports the output for tho week ended July’ 23 amounted to 4,332,000 tons compared with 3,925,000 tons in the previous week, and 4,284.000 for the .corresponding week in 1920. There aro still 131 coal, mines idle, involving 20,000 men. A further 93 pits, employing men have recommenced since J uly 23.