South Africa and its future . Head-gear of the Witwatersrand Gold-Mining Co.(Pholo by Horace W. Nicholls, Johannesburg) location of anything and its appropriation being two distinct implied previously, the realisation of this huge prospective goldyield depends upon the circumstances of the industry being at leastequal to those of the past. If found to be superior, the ultimaterealisation will only be made the more certain. These circumstancesmay be conveniently classified as external and internal. So lar back 100. •a H •S. ^ ^- 4) bo 0) bjQ ?-5 ;H t/1 (J :S J= ho The Future of the M
South Africa and its future . Head-gear of the Witwatersrand Gold-Mining Co.(Pholo by Horace W. Nicholls, Johannesburg) location of anything and its appropriation being two distinct implied previously, the realisation of this huge prospective goldyield depends upon the circumstances of the industry being at leastequal to those of the past. If found to be superior, the ultimaterealisation will only be made the more certain. These circumstancesmay be conveniently classified as external and internal. So lar back 100. •a H •S. ^ ^- 4) bo 0) bjQ ?-5 ;H t/1 (J :S J= ho The Future of the Mining Industry as the Industrial Commission of 1897 it was recognised that theessentials for the development of the Rand were reduction of taxesand economy in working. The evidence of all the prominent headsof mining groups, both English and foreign, then tendered, in thesum amounted to this. Where the circumstances of a mine are suchthat they can only be worked at a higher cost than their returns, orwith only an infinitesimal profit, either costs must be reduced or themine compelled to close down. In many cases a reduction of work-ing costs of so moderate an amount as 2s. per ton means the life ofa mine, and less than this spells bankruptcy. Where mines hadexhausted every effort to reduce working costs, it was also contendedwith justice that they had established a claim for moral and materialassistance on the part of the Government, where it could be pro-perly accorded; indeed, a personal interest, so to say,
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Keywords: ., bookauthorargylljo, bookcentury1900, bookdecade1900, bookyear1903
