REDUCED COAL PRICE
STABILISATION IN N.S.W. WORK FOR MANY MEN (United P.A.—By Telegraph — Copyright) Reed. 10.40 a.m. SYDNEY, To-day. The Government’s proposals for the stabilisation of the coal industry will involve a reduction of the selling price by 4s a toil on coal sold locally, and Is a ton on coal sold overseas. The State Government will bear 2s of the reduction, the colliery proprietors Is, and the employees Is, by means of periodical large reductions. The State Premier, Mr. T. R. Bavin, is of opinion that this scheme will enable at least 2,500 extra men to be absorbed by the Newcastle fields before Christmas.
The big steelworks there have signified their willingness to reduce the price of steel, which action will lead to a larger output.
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Bibliographic details
Sun (Auckland), Volume II, Issue 460, 15 September 1928, Page 9
Word Count
127REDUCED COAL PRICE Sun (Auckland), Volume II, Issue 460, 15 September 1928, Page 9
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