PROFIT-SHARING SCHEME.

Taranaki Daily News, 18 June 1920, Page 5

PROFIT-SHARING SCHEME.

TRIAL IN WEST COAST MINE. HELPING MINERS' CHILDREN. 8/ T«l«*rat»h —Press Association. Greymouth, Last Night. Tin visiting Parliamentarians attended the official opening of a. new coal mine at Dobean, which is being developed by Mr. J. D. Lynch, and promitta ideal surface conditions. The Vbttore were welcomed by the Mayor tfktr. Williams) and Brunner councilfort. Speeches were delivered by the Mayor and others stressing the import* ance of the occasion. The water, which been piped frpm a great altitude, Was turned on, and the machinery set

going, and the mine formally opened. Mr, Lynch explained that a coal seam 12ft Sin had been proved a diamond bore o! 580 feet, and a dip till flow being driven on the same site, tiro other favorable bores bad ben dunk. He hoped before many ttgtaitltf, uath the co-operation of the littJ to «Sdti?e coal in huge quantities, attd ultimately to profe Dobson to be Wb bf die biggest and best, if not the bejt, pine, ill the Dominion. Ifr. &yoch explained the provisions made by his company for sharing profits, alter . providing for interest on capital, atn'M Mid that employee? would have in the control of Qw .cnitfUUtiy's affairs. The Dobson .Mftidtt* Union would be asked to accept Soiiie paid-up shares, and elect one of . m#nbeTs to a seat on the board, 10 that he might have the fullest infridc knowledge of-the company's affairs. It woe alio intended, out of the assured -fttofita, i» allocate a portion towards tcholarships and the educational require* nests of the employees' children.