WAIKATO COAL
COMPANIES AGREE.
PRICE REGULATION.
AUCKLAND, Saturday. After a series of meetings extending over three months, five companies in the Waikato coal trade have reached an agreement regulating prices for coal in all the territories supplied from the mines. (g. The agreement is a most comprohcnsone, and it has involved more time labour in its excution than any previous undertaking in the trade. It is understood that there will be no quotas applied to production. Tha increase in retail prices in Audßand averages about 20 per cent. Thf following statement was given by Colonel W. D. Holgate, chairman of the Waikato Collieries Association: "It is well, known that keen competition with cutting of prices has been in operation among the Waikato coal companies for the last two years. Coal has been sold in many instances at about 4s a ton below the cost of production, resulting in a loss of many thousands of pounds to the companies. An agreement has now been arrived at between the five companies concerned. In future all grades of coal will sold and delivered to railway statics by the companies at the same price from each mine. The increased price of coal sold will be approximately os a ton.”
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Bibliographic details
Wairarapa Daily Times, 25 February 1935, Page 5
Word Count
205WAIKATO COAL Wairarapa Daily Times, 25 February 1935, Page 5
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