The Price of Gas
The price of gas has been reduced from 5s 2d to 4s 3d per 1000 cubic feet. It is estimated that the cost of producing gas in Glasgow is 1s 8d per 1000 cubic feet and that the standing charges are 1s 6d so that the normal gas rate should be 3s 2d. Anything in excess of this is to liquidate the debt incurred through the excessive foreign coal charges of last year.
In other words we are now paying 1s 1d extra per 1000 cubic feet of gas to the moneylenders who advanced the money to buy foreign coal in order to reduce the wages of the British miners.
Talk of producing rabbits out of a hat. The miners have less wages, so the coal owners have larger profits.
The gas consumer pays more for his gas, and the bags of the money lenders are full to overflowing.
“To him that hath shall be given, and from him that hath not shall be taken away even that which he hath.”
20 August 1927 Glasgow Eastern Standard.
Nothing seems to have changed to this day eh!!