London, Feb. 17.
Parliamentary White Paper announces that under the Trade Pacilities Act a sum of £2,000,000, thas been guaranteed to the firm of Prarron & Dorman Long over a period of 30 years for the development of the coalfields in Kent.
The firm mentioned represents a combination of the interests of Lord Cowdray's famous firm of Messrs. Pearson & Son, works contractor and steel combine of Dorman, Long & Ca, of Midilles borough.
Already the firm own: part of Richborough in Kent, whick was created during the war and was} bought from the Disposals Board, 'A number of small companies shave been working in East Kent for} various periods.
There is proof of the existence! of large quantities of coal but these small companies have lacked lange capital required to make mining 'a satisfactory commercial towards the East and South The bulk of the coalfields Li behind the coast towns wh Jong been known only as places quiet natural beauty. 'The number} of pits to be operated will probably' he eighteen. The total estimated output of these pits is 13,500,000 tons a_ year. dustry in ent is also to be developed, British Wireless through Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.