BRITISH GCAL TRADE.
RECOVERY OF OUTPUT. NEW DANCER INVOLVED. FEAR OF A GLUT, By Telegraph.-—Press Assn.—Copyright. Received August 4, 5.5 p.m. London, August 3. The Coal Exporters’ Association has written to Mr. Lloyd George protesting against the present high prices of coal, which they declare are contrary to the spirit of the settlement under which the Government provided £lO,000,000 in order to enable the collieries to recover the home and export trade. The association maintains there is a danger of a glut, owing to the present high output, and there is a danger of this leading to short time at the mines and precipitating another crisis. The Ministry of Mines points out that prices are now entirely a matter of supply and demand. The Board of Trade reports that the output for the week ended July 23 amounted to 4,332,000 tons, compared with 3,935,000 in the previous week, and 4,284,000 in the corresponding week in 1920. There are still 131 coal mines idle, involving 26,000 men. A further 93 pits, employing 29,000 men, have recommenced since July 23.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 5 August 1921, Page 5
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180BRITISH GCAL TRADE. Taranaki Daily News, 5 August 1921, Page 5
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