BANKS WILL PRESS BALDWIN TO SETTLE STRIKE, SAYS LABOUR.
By Telegraph.—Press Assn.—Copyright. Aus. and N.Z. Cable Association. LONDON, July 21. The “Daily Herald” persists in sa\’ing that big businesses and banks, fearing a long spell of stagnation if the strike continues, will exert pressure on Mr Baldwin for, the i-esumption of work at the pre-stoppage terms, with the assistance of a public loan, pending re-organisation. The “Daily Herald” say’s a scheme drawn up in the jcity provides that the loan will be repaid by a levy of a penny per ton on all coal sold, which means that the miners will have to pav 83 per cent, of the principal and interest, this being their proportion of the proceeds of the industry.
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Bibliographic details
Star (Christchurch), Issue 17905, 22 July 1926, Page 10
Word Count
122BANKS WILL PRESS BALDWIN TO SETTLE STRIKE, SAYS LABOUR. Star (Christchurch), Issue 17905, 22 July 1926, Page 10
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