COAL PROFITS.
GOVERNMENT EXPLANATION. By Telegraph Press Association—Copyright, Australian and N.Z. Cable Association. (Received March 6, 9.15 a.m.) LONDON. March 0. In connection with tho increased coal P r( ™ y, s Gd a ton; Air Dickinson, t-he Coal Controller, explained that 80 per cent excess profits wont to inland revenue, 15 per cent to the Coal Controller, and only 5 per cent to coal owners, so that the £25.000.000 which consumers paid did not benefit profitmaking coal owners, 95 per cent going back to the State. Air Sydney Webb pointed out that tho necessity for helpmg non-paying collieries was duo to private ownership. Air Dickenson added; w T.f tho increase was not given a large number of collieries would bo dosed down. Tho wages bill of mines is now £170,000,000 compared with £91,000 000 in 1913. The profits in 1913 were £13,000,000, by 1918 they would be £39,000,000. Thus the profits wore multiplied by three despite the increased wages. A3O per cent increase in wages, _ and a six-hours day would mean an increase m prico of '6s 7d pen ton.
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Bibliographic details
Star (Christchurch), Issue 12570, 6 March 1919, Page 5
Word Count
180COAL PROFITS. Star (Christchurch), Issue 12570, 6 March 1919, Page 5
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