A report of extreme importance is mentioned by Messrs. Wheelock Ca, in their fortnightly statement on coal, This is that Europe is looking to China and Japan for coal supplies, the amount available from Great Britain and America being insufficient for the needs of the non-coal-producing countries. While Messrs. Wheelock Ca. express doubts as to whether the exportation of coal from here to Europe is likely to prove successful commercially, the very existence of the report referred to must be taken as significant. The mines in the north of France will, of course, not reach their full out: put for three or four years to come, so extensive has the Jamage been to them, and we know, unfortunately, that British output is now much restricted in comparison with what it was in pre-war days.
europe simply has to find abundant coal, else her industries lan-guise, so' it is not surprising to find manufacturers scouring the world for it. The point, already mentioned, is whether those industries can be profitably carried on with coal which has to bear_heavy freight charges. While Europe now inquires for coal in the Far East, it is worth mentioning that several months ago, when prices in China were soaring, a local company seriously considered the advisability of importing the large quantities of coal it required from Australia.
Text read from the printed page and cleaned; old type leaves the occasional error.