THE AUSTRALIAN COAL COMBINE.

Taranaki Daily News, Volume L, Issue 60, 2 October 1907, Page 3

THE AUSTRALIAN COAL COMBINE.

ADDITIONAL PAIiTICULABS. Received 2nd, 11.-S a.m. Sydney, October 1. Further evidence in respect to the existence of tile coal combine, is fort.ieoming in the shape of a draft aor meiit between the northern colliery proprietors and the shipping companies. The document stipulates that J .la yendors agree to sell to purchasing agents the whole coal which may bo refpiired by them to supply trade in Victoria, South Australia. Western Aim tralia and Queensland; that such coal shall be from collieries mentioned in the schedule; the price of coal to be settled in the month of November of ea.li year. The vital clause is clause ■which reads as fallows: —"Oompani's agree not to supply any coal for consumption in any of t'ie States .mention

Ed except to the said purchasing agenls »r tl""ir liomin-'S." ruder clause (I the ag*■ rt> agree to Imv from vendor- the whob' of the coal they require for interstate trade. A not In r significant clause slates tint the pureliasint.' a»wii* are to have t|,., di-eretiori to increas,. tlj.. price by not exceeding 3- per ton. Ihe a'_>re.-„i. .)t W a- -upnnsed to Imye come into force from January Ist, 1007.