BRITISH COAL.
A SERIOUS POSITION. PRICE SHOWS A LOSS. WAGES DIFFICULTY. By Telegraph.—Press Assn.—Copyright, Received Oct. 3, 5.5 p.m. London, Oct. 3. In connection with the South Wales coal mine owners’ deputation to the Mines Department regarding the miners’ wages percentage dispute, Sir William Plender ruled that the coal owners must surrender the nett aggregate profits realised during August, and also that they cannot carry forward deficiencies in standard profits against future surpluses. The owners anticipate the probable deficit for September will be £600,000. The position of the owners and men is of the gravest character. Coal is not in demand, except at prices representing losses of six to seven shillings a ton, and present prices do not leave enough to pay even the standard wages for 1921. TH workers are therefore faced with the hardship of wages the face value of which is only 10 to 20 per cent, above the level of 1914. Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 4 October 1921, Page 5
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158BRITISH COAL. Taranaki Daily News, 4 October 1921, Page 5
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