and engineering journal . ently striking to reflect; the Far East Rand is \ and wealth of c,,:,! thatle whole of this extenti to aiivone who is in- it has I terested in the economic requirementsSouth Africa, to say nothing of the fin;the world, and to no one more than to •the Union itself. It is taspect of tlw .pi fontein). Ificiently pre the Union ofcial problems ofe (hneiinnent ofdilate upon the-e,l [uentlv th. South AUiran Mm,in, . duringpast, .and n ,< av esp. .? ,a 11 n ~i,,e,. ,|,.. .cheme of was
and engineering journal . ently striking to reflect; the Far East Rand is \ and wealth of c,,:,! thatle whole of this extenti to aiivone who is in- it has I terested in the economic requirementsSouth Africa, to say nothing of the fin;the world, and to no one more than to •the Union itself. It is taspect of tlw .pi fontein). Ificiently pre the Union ofcial problems ofe (hneiinnent ofdilate upon the-e,l [uentlv th. South AUiran Mm,in, . duringpast, .and n ,< av esp. .? ,a 11 n ~i,,e,. ,|,.. .cheme of was ,,rale,! anJ applid to the:s K-nown .as the ( .\reas (Modder-? remarks of Ali-. Schumacher, moreover, euf-?ate the momentous character of the problemitself to the State as well as to the people inrespect of a mineral asset which both directly and in-directly, and for many succeeding jears, may bring pros-perity to an ever-increasing population. The obstaclewhich hinders the development of this asset is the some-. THE SOUTH AFBICAN MINING JOUKNAL. joiiaiiuesburg, Mar. 13, 1915. what shoit-sighted view of its opportunities which is takenbj the Government of the Union. According to the law, precious metal ores are the pro-perty of the State. The financial and technical advisers ofthe Ministry in the Union have decided that the proper andmost effective way of deriving benefit from these ores is tolease the right to work them, and to malv-e a direct taxupon the profits of sudi woikiiii; on the l):isis of a slidingscale which will yield nn\tliiii- Iniwtrii lo :ini| 1.) per cent,of such profits as a niiiiiimini, nn-l ;l^ tniich moie as canbe squeezed out of the lessees wIjo .?i,L;rc,- lo rumiicr a ]>arti-cular enterprise. In the case of tlir onlv (( whichhas so far contracted to develop \\..ik a CnMainnmllease it is provided that as much as GO ]iri ciiit. of hrcompanys profits may, under certain conditions, accrue ((ithe Government. A direct tax is, of cou
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Keywords: ., bo, bookcentury1800, bookdecade1890, booksubjectmineralindustries
