THE COAL INDUSTRY
(Britiab OfiScial Wireless.)
British Unification Bill Passes Second Reading • YAST EXPR0PRIATI0N
(Received 26, 8.45 a.m.) EUGBY, Nov. 24. . The Coal Bill was read the second time in the House of Commons by 301 votes to 139. Sir John Simon, Chancellor of the Exchequer, emphasised the significance of the unification of royalties — the transference to one public body of control and management hitherto divided among 4000 people. In defending the scheme of compensation for whieh the Bill provides, he said that the plan "as it stood was the greatest measure of compulsory expropriation of private property which Parliament had ever been asked to sanction. After the unification of all sayings. profits made over royalties would return to the industry, not into the Exchequer. As the loans for purchase were paid off, more and more would be available for the industry to level and reduce the royalty rates. As the rniners' wages were calculated on the sum left after the royalty payments, they would directly benefit.
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Hawke's Bay Herald-Tribune, Volume 81, Issue 54, 26 November 1937, Page 3
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167THE COAL INDUSTRY Hawke's Bay Herald-Tribune, Volume 81, Issue 54, 26 November 1937, Page 3
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