HC Deb 29 January 1929 vol 224 cc741-2

asked the Secretary for Mines the trading loss in the coal industry in the years 1927 and 1928, and the profit in the years 1923, 1924 and 1925?

Commodore KING

The trading loss in 1927 was 5¾d. per ton disposable commercially, and it is estimated that in 1928 it was about 1s. per ton. The profit in 1923 was 2s. 2d. per ton; in 1924, 1s. 2d.; and in 1925, 3¼d., after crediting subvention amounting to 1s. 1¼d. per ton, i.e., an actual loss of 10¼d. per ton.


Does it not appear from these figures that the mining industry was much better off before this Government came into office?

Commodore KING

The hon. Member is probably aware that the highest peak reached in the coal industry was in the

I think the hon. Member will remember that in the Commercial Treaty special provisions were included for the entry of British coal at a lower rate of duty.