Coalville Times | 1901-06-21 | Page 2 | Transvaal Mines Must Pay Half of War Expenses

Trsnatsal lllnes lul Vmj Hair el Ilotf tVsr t:apena. The Ilrltlih government bit decided to levy l7S0.00O.roo on the Trantvaal gold mluta to pay half the coat of the war. Hlr David Harbour, formerly finance minister for India, who waa commltiloned to report upon the taxable tax-able capacity of theie mines, advlied Colonial Secretary Chambcrlln to levy 1178.000,000, but Mr. Chamberlain after consultation with Lord Mllner Increased In-creased the maximum In tbo amount atated. Sir David Harbour report In favor of a 10 percent tax on the profits of the mines yielding, ou the basis of the profits of 1609, V),uO0 yearly. After paying this, Hlr David Harbour con-aldera con-aldera the mlnca will be better off than beforo aa they will save 000,000 per year on dynamite, owing to the abolition aboli-tion of the monopoly lu that commodity. commo-dity. lttllaln'a Cenana Hlallallra.