COAL TROUBLE
Australian <fe N.Z. Cable Association
LONDON, July 21. The “Daily Herald” (Labour) persists in saying that “Big Businesses’’ and the banks, fearing a long spell of stagnation if the coal strike continues, will exert pressure on Mr Baldwin for a resumption of work at the pre-stop-page terms with the assistance of a public loan to the industry pending its re-organisation. The “Daily Herald” says: “There is a scheme drawn up in the city. It provides for a loan that shall l>e repaid by it levy of one penny per ton on all the coal sold, which means that the miners will have to pay eightythree per cent of the principal and interest of the loan, this percentage being the miners’ proportion of the proceeds of the industry.
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Hokitika Guardian, 22 July 1926, Page 2
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129COAL TROUBLE Hokitika Guardian, 22 July 1926, Page 2
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