§ 7. Mr. Thorneasked the Minister of Fuel and Power what salary the manager of the Clifton Colliery is now being paid; what amount of money has been paid to the debenture and other shareholders; and whether any of the arrears have been paid off?
Major Lloyd GeorgeThe manager of the Clifton Colliery is paid a salary of £840 per annum plus £65 per annum for expenses. In addition to the manager there is a general manager, Mr. Dixon, 338 who is paid £1,500 per annum. The debenture on the undertaking has been redeemed at a total capital cost of £31,132, and in addition interest on the debenture has been paid for the period during which arrears of interest had accumulated, namely 2¼ years at a rate of 4 per cent. per annum. No payment has yet been made to the ordinary shareholders.
§ Mr. ThorneIs the manager in question getting better pay now than he was before the colliery was taken over?