not pass without November wages]
Increased from 10 per cent to 20 per cent. and no sooner was this announced than the men employed on district work struck. were out for mine days and, as pay; your were firm, however, and the' only compromise made was the'
ing of one day's pay. I am labour ina very unsettled state likely to)
in so long as intimidation is might add that it is known that there are some 5,000 agitators in this district awaiting an opportunity. to forment trouble at any time when it is necessary to distract] attention from the political situation.
The cost of our coal was the same as in 1927, namely 79 candareens Per 1,000 cubic feet of gas. Coal contracts for this year show 2 reduction of Tls. 1.12 per ton.
We have purchased a small piece of land adjoining the works which you will notice has cost Tis, 35,247.~ 30 to be used for the extension of the purifying plant. The new bl of workshops mentioned by the: Chairman at last year's meeting are nearly complete and up to date have cost just over Tls. 66,000. The profit and loss account is set out in the report as circulated and I tras: the allocations will meet with your, approval.
The Debenture Issue 'As you are no doubt aware our' debenture issue of Tls. 731,500.00 becomes redeemable on July 1, next We have been able to purchase, at
Text read from the printed page and cleaned; old type leaves the occasional error.