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Show SEVERANCE (BANS PROMOTION OF JESOURCES oiit of an eleven months' le f" L survey of Utah's nat-'Tk nat-'Tk outcvI revealed that ev-i:a ev-i:a nnf of Utah's 29 counties fci vast deposits of both Iptallic and non-metallic miner-?S miner-?S amazing variety. The sur-Irv sur-Irv recently reported, was made thP Bureau of Business and etc Search of the Uni-Vsity Uni-Vsity of Utah under the .direc- m of Dr. EIRoy Nelson, associ-; associ-; t. director, and under the spon-rship spon-rship of the Utah Association Ji Chambers of Commerce. Despite this potential wealth, ,th the state and the counties v derive no good from it, H. 5 r,ght Volker, secretary of the i ite Resources committee point-Id point-Id out, if the state imposes a Jvciance tax as proposed in HB f"AH of Utah's mineral deposits e vast, as shown in the state ! mural survey," Mr. Volker de-iied, de-iied, "but the reDort also shows at all of them are of a marginal ,ture. That is, the deposits are j in quantity, but small in Ixility, and as a result when ficy can be produced at all or levered" from the earth, as the x measure describes it the frargin of profit is exceptionally jnall if the finished product is I compete in a highly competi-Sve competi-Sve market. The addition of a uverancc tax to the high cost of .oduction, would in most in-lunces in-lunces push the operation out f consideration by any investor." The survey shows no lack of ariety in low grade deposits, he north central counties . of lache, Rich, Davis, Salt Lake, (tah, Wasatch, Morgan and Sum-hit Sum-hit abound in iron, clay, phos-ihate, phos-ihate, timber, limestone, ozok-rite, ozok-rite, limestone dolomite, gold, liver, copper, lead, zinc, molyb-pum, molyb-pum, tungsten, fluorspar, build-g build-g stone, sulphur, salt, barite, pent and silica. I In every instance the deposits re definitely "marginal" and an oe produced only at such a jst that only by strictest econ-my econ-my of procedure can they be lade profitable at present mark-is mark-is or those in the forseeable fu-ire. fu-ire. Even the great Utah Cop-;r Cop-;r mine has less than 1 cop-:r cop-:r and is profitable only because special methods of operations scovered after the process of orking is began. If the present verance tax proposal was ef-ctive ef-ctive when D. C. Jackling, a-inst a-inst all advice began operations Bingham, he probably would it have dared to begin mining t the property pays Salt Lake unty more than a million a ar in taxes and other millions state taxes and payrolls. "The situation is the same in actically every county," Mr. lker declared. "Their natural sources in most instances are t worth one cent to the coun-s coun-s or the people of the counties, :ause they are not being work- They become valuable only er they have been removed or 'ered from the ground, and are icessed. For instance one piece mining equipment manufac-;ed manufac-;ed in Utah is sold for $2,750 the raw materials were worth y $2.75. The labor cost was 300. But there the taxes were led and possible only when resources became valuable. minerals were worthless in ground, and could not be re- vea if high taxes made the in resource unable to compete n the same material from oth-sources." oth-sources." 'o Provide the stimulus for the lopment of the natural re-J9es re-J9es within each county, acting ac-ting to Mr. Volker, it will be essary to obtain defeat of HB to allow free access to the di wealth of the state. To rnpiish this it is necessary each county to weigh the isure against potential wealth n? county, its future payrolls economic and industrial elopment. |