COAL MINES COMMISSION.
(iIY Tl-XEGKAPH PRKSS ASSOCIATION. Dunklin, This Day. Mk JoACimr, general manager of the Westport Coal Company, in giving evidence before the Coal Mines Commission, said 10s per share had been written off for losses. The company owed £105,000, and since ISS'2 the divideud bad only averip.ed 4\ per cent. They had spent £II,OOO in'crossing a fault at Granity Occk. Out of every five tons only ooe could be sold as screened coal, the price for which at Wellington was 2'2< lid. \'\v last year the average price at Westport for ihu whole output was 10i lOd. It was absolutely incorrect to say that the company closed the Wallsend mine to profit the Westport one ; it. was closed because the quality of the coal was inferior to Brunner, aud the coal was cut off by faults on all sides. They found that their demand could be supplied from Brunner pit, and they closed the Wallsend, one over which they had lost £BOOO.
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Waikato Argus, Volume X, Issue 913, 27 March 1901, Page 2
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164COAL MINES COMMISSION. Waikato Argus, Volume X, Issue 913, 27 March 1901, Page 2
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