BRITISH COAL INDUSTRY.
EXPORTERS’ ASSOCIATION DISCONTENTED. Received August 4, 5.5 p.m. - 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 the Government provided ten millions in”order to enable the collieries to recover the Home and export trade. The association maintains that there Is a danger of % a glut owing to the present high output, and there is a danger of this leading to short time at the mines and precipitating another crisis.
The Ministry of Mines points out that the prices are now entirely a matter of supply and demand. The Board of Trade reports that the output for the week ended July 23rd amounted to 4.332,000 tons, compared with 3,935,000 in the previous week and 4,284,000 for the corresponding week in 1920. There are still 131 coal mines idle, involving twenty-six thousand men. A further 93 pits, employing 29,000, recommenced since 23rd July.
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Bibliographic details
Wanganui Chronicle, Volume LXXVI, Issue 18248, 5 August 1921, Page 5
Word Count
169BRITISH COAL INDUSTRY. Wanganui Chronicle, Volume LXXVI, Issue 18248, 5 August 1921, Page 5
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