THOUGHTS FOR THE TIMES.
The Biutisii Coal Situation. The British coal miners have been looking to state ownership and operation for relief from their troubles, but the mining industry lias been working on a profit sharing basis for several years. Under the last agreement it v, as provided that after the expenses other than wages had been paid the proceeds in the several mining districts should he pooled and divided, the miners to have 88 per cent, and the operators 12 per cent., subject, however, to the further provision that if the share coming to the miners should fall below a certain minimum wage, it should he brought up to that rate by reducing tbe operators’ share. The system broke down because in a majority of the districts this minimum wage provision was taking all of tlie net earnings, leaving the operators facing a loss.
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Hokitika Guardian, 28 July 1926, Page 2
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145THOUGHTS FOR THE TIMES. Hokitika Guardian, 28 July 1926, Page 2
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