Show VALUATION UTAH MINKS MINES THIS YEAR YEAH ABOUT 0 00 F fixing ling the assessed valuation of mah mines for the first time under tle tl e law passed passed by the last legislature I 1 the state board ot of equalization has found the value ot of utah mines to be approximately ander the he former law the board last 3 yeal ea fixed a valuation or ol trie difference Is due to a change in the basis ot of assessment it 1 te I explained last year all mines were assessed on oil a basis of net proceeds under the new statute mines are not assessed on oil a basis of ret proceeds at all while in olis ous mines are assessed on a valuation based on three times the net proceeds Furt furthermore liermore under tile the rew rev law properties come under the jurisdiction ot of the state board that formerly were assessed by the county assessors the utah copper properties roper for example Xa mlle now come under the state board last year they were assessed by the salt lako lake county assessor on a valuation ot of A recapitulation of a report made by tile the state board of equalization this year shows that the real estate value vallie given to all mines in th estate exclusive ot of the 5 an acre assessed by tile the county assessors on metal mines is there was waa no corresponding item for last year machinery and improvements tor for mines this year are valued at 25 last year the corresponding item was vas but as already exola explained tried the two items do not exactly correspond this year metal mines were assessed at a valuation based on oil three times the net pro proceeds ceMs at the net proceeds ot of t the he mota metal mines therefore were just a trifle mo more C than thail tills this year last year the not net proceeds of metal and coal mines com combined biDed were |