Show NEVADA MINER MUST TOE MARK MRK Every Three Months i ls Must Submit cd Report to Sheriff Some Bomo Utah mining Ol operators think I it i pretty tough to a a. year have o ho to I submit an It f account of nil all re rec receipts receipts re- re c anti and expenditure but over in Nevada ada this Is required quarterly The Tho report is il sent to the sheriff which too toun sounds s hard I IB If a copy of or ortho tho the rule ruic governing o the determination ot or the net nH proceeds of mines in Itt Nevada Nevala Ne Ne- eI e- e vada vula for fOI the assessment nt for fOl or taxation It I was waR formulated by In tho the state tax I commissioner as follows folo The Thc net proceeds of nn any min sh shall 1 be determined follows as From the th th actual value of of the thc gross gross- I yield Ie in un any shall be bo de deducted do- do ducted d the following Items Item of expense Incurred In the B same mc quarter I 1 All Al ordinary and necessary administrative ad ad- expenses excepting a Payments on principal or 1 r In Interest In- In terest on bonds or other indebtedness M. M b The expense of maintaining of offices of- of flees outside of the tho state of Nevada Nc 2 All Al ordinary and necessary expenditures ex CX- actually made for mining exclusive of general or administrative tive tivo expenses es Including the cost of or contemporaneous development and ex exploration ex- ex of the mine is Itself lf 3 fa a Where tho transportation facilities used in conveying tho the mine products from rom the mine to the place of or reduction or sale are owned or controlled controlled con con- trolled directly or indirectly b by the thc company compan The actual cost of operatIng operating In ing such plant facilities exclusive o of general or administrative expense b Where ere the said nl mine products ar are arc transported by common carrier or cr orby orby by facilities not owned b by the compan company com corn pan pany and from which It derives no revenue re The actual amount paid for carriage of or the said Raid mine mine products 4 a Where here the mine products are arc treated in reduction works owned or co controlled trolled directly or indirectly b by bythe bytho the tho mining company compan The actual ex expense expense ex- ex pense of reduction or treatment or sale o of or the said Sid products b h Where here the mine products tAn 1 a u are I U u L I u U 1 HI JI IHL nol noi nO o neu uy Ino no company and from th the tho operation of or which It derives no revenue The actual amount paid for the thc treatment or reduction induction of the ores and marketIng marketIng market- market Ing of tho the product The actual necessary expenditures for the maintenance o and repair of mine transportation and milin milling or re reduction reduction re- re ducton plants plant ma may be Included in the fore foregoing deduction bu but no char charge e whatever for or depreciation or the r re redemption redemption re- re dempton of an any 3 Investment in tn mine ground development do done prior to the quarter lor br which the tho report is or plant construction shall be al al al- lowed lowel The sums of or items 1 1 2 3 an and 4 shall constitute the offset offet deductions deductions deduc deduc- a against tho the value of tho the gross yield and th the difference In each case between the said gross s yield and the said sum shall be deemed the net proceeds proceeds proceeds pro pro- for the purpose of taxation To equalize the mine mino assessment with wih that of or other property 80 per perCent percent percent cent of tho net proceeds determined i iM as M provided In the tho foregoing shall be bc 1 assessed this assessed this rule applying to all al I mines from which the ore Is extracted extract extract- cd ed directly by the o ners owners In tho the case of production leases 1 the lessee shall hal be entitled to deduct in addition additon to the Items Hems enumerated numerated the royalties actually paid to the lessor but royalties royal royal- ties tics received by an any lessor shall be re reported reported re re- ported separate from other receipts and 90 O per cent thereof shall be assessed as as- with wih no deduction whatever To tear up asphalt paving between street car rails rais a California man has hns Inv invented a sort of scoop that can cn be mounted in front o of a car car into which tho a asphalt is almost automatically loaded S Germany has begun to Import wood woodI pulp from Sweden the the British blockade block block- ado ade on the same having been removed I The Thc local manufacturing of in ala Guatemala is Increasing More than wore made last year ear chiefly chief chief- ly by hand band t METAL SETTLEMENTS IE TS f ff I 1 f- f Silver ounce f s Lead pound 05 01 f 4 Copper 15 1 Zinc 44 44 4 4 6 4 4 |