Queen Elizabeth was the first English monarch to realise, the value of tho coal-mines as a State-owned monopoly. She obtained a lease of all the Durham fields for £i)o a year, and then proceeded to manipulate a corner, in coals with much success. She annexed the private pits of the Percys when thrv wore profitably developing themselves, and only consented after a time to allow them a small percentage on their own She chartered a company in Newcastle as virtual monopolists in the sale of Northumbrian coal to shippers, and so engineered matters that tho Lord Mayor of London formally complained | that the Newcastle freemen's rights had been bartered away Ao a monopoly, and begged far some limitation to the price, which had now been forced up to a pound a chaldron. Coal had previously been sold in London at four shillings a chaldron. TRAVEL FREE FROM CARE. CHECK BAGGAGE THROUGH US. Donlt have Baggage on your mind when travelling. You needn't. Get us to check it, and enjoy physical and mental freedom. Wo call for baggage, check on, meet on arrival, and deliver at once. You can also obtain your ticket at our office.—TliQ Vf%..Z«UU& : JigßJf&l. £9'>
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https://paperspast.natlib.govt.nz/newspapers/TDN19160208.2.37.3
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Taranaki Daily News, 8 February 1916, Page 5
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198Page 5 Advertisements Column 3 Taranaki Daily News, 8 February 1916, Page 5
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