PROFITEERING IN COAL.
HOW THE PUBLIC ARE FLEECED. (Received March 5, 11.20 p.m.) LONDON, March 4. At the first sitting of Sankey's coal commission, Mr. Dickinson, the coal controllers' adviser, revealed that the coalowners' profits for five years before the war averaged a shilling a ton, as compared with 3s 6|d in the first eight months of 1918. The price was officially raised. 2s> Cd in June, 1918, when the profit became 4s 9Jd. Mr. Dickinson explained it was necessary to be very tender toward the worst paying collieries. The result of the increased price was a charge on the consumers of an extra twenty-five millions sterling annually, which went into the pockets of the coalowners, who did not need it. The increase was based on figures six months old, and Mr. Dickinson admitted it was unlikely an increase would have been made if the latter figures had been avail-able.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 6 March 1919, Page 5
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152PROFITEERING IN COAL. Taranaki Daily News, 6 March 1919, Page 5
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