The Archive · 1937

Britain to Buy Up Coal Royalties

Labour Motion Against Bill Defeated in Commons serCIA TO THE

London. Nov. 24 The Coal Royalties Bill was read {ur a second time in the House of Commons yesterday after a Gover i spokesman had explained that the measure was designed not only te help the coal industry in good times but to give it some protection ig bad times came.

Previously the House had de feated. by 301 votes to 139. a Labour notion for the rejection of the Bill on the ground that it did not include unified control of the whole industry ander public ownership.

Under the measure. the Govern: rant proposes to buy coal royalties in Britain at a cost of £66,450.000 raised by loan. A Coal Commission wil take over the ownership of all coal. and central and regional boar will supervise the compensation payable to each of the 5.000 owners of the royalties.—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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