AUSTRALIAN COAL COMBINE.
TERMS OF THE AGREEMENT. United Press Association —Cop /right Received Oot. 2, 0.28 a.m. SYDNEY, Oot. 1. Further evidence of the existence of the coal combine is forthcoming in the shape of a draft agreement between the Northern colliery proprietors and the shipping companies. Tlio- document stipulates tlra-t tho vendors agree to sell to purchasing agents tho whole of the coal which mav be required by them to supply the trade in Victoria, South Australia, Western Australia, and Queensland ; that such coal shall be from colliories mentioned in the schedule; the price of the coal to be settled m the month of November in each year. The vital clauso is clause 5, which reads as follows : —“Th& companies agree not to" supply any coal for consumption in any of the States mentioned except to the said purchasing agents or their nominees.” Under clause 6 tin? purchasing agents agree to buy from the vendors the whole of tho coal they require for inter-s-tate trade.
Another significant clause states that purchasing agents are to have discretion to increase the price by not exceeding 3s per ton. - The agreement was supposed to liave come into force from January Ist, 1907.
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Bibliographic details
Gisborne Times, Volume XXV, Issue 2000, 2 October 1907, Page 2
Word Count
200AUSTRALIAN COAL COMBINE. Gisborne Times, Volume XXV, Issue 2000, 2 October 1907, Page 2
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