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IHodges on Geddes' Figures..

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I Hodges on Geddes' Figures.. In a further analysis of the calculations of Sir Auckland Geddes given during the coal de- bate last week, Mr. Hodges, secretary of the Miners' Federation, estimates that the output of over 222i million tons for the year ending next July would produce a revenue of £ 330,013,111, and the expenditure he puts at £ 298,583,175, leaving a surplus available for the reduction of the price of industrial coal of L31,429,936, or 7s. lid. per ton for the remain- der of the year. If the P,9,000,000 deficit de- clared by Sir Auckland Geddes to have been inr curred before last July has to be met out of the current year's surplus this would redtrce the amount available for the reduction in the price of industrial coal to 5s. 8d. per ton, but Mr. Hodges contends this deficit will be largely met out of the taxation of owners' profits when the accounting period is completed and profits are limitted to Is. 2d. per ton.