Mining Royalties; Their Practical Operation and Effect PDF Download

Author: Charles Ashworth James
Publisher: Theclassics.Us
ISBN: 9781230423869
Category :
Languages : en
Pages : 84

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Book Description
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 edition. Excerpt: ... and that even in coal the sliding scale is very largely being reintroduced. It is, however, impossible not to feel strongly the force of Mr. Ralph Young's observations on this head, that the amount of relief to be obtained by any particular colliery or mine from the sliding scale in bad times, if all royalties were on a sliding scale, cannot fairly be measured by the amount of relief which the same colliery might obtain therefrom if the sliding scale were adopted in Young, 8908. some cases only. "For instance," he says, " if a colliery were oppressed "at any time by having a fixed royalty and a sliding scale were "established, and the royalty reduced by Id., l DEGREESd., or 2c?., it would "certainly be in a better position to continue working, compared "with the rest of the collieries which had not a sliding scale. "But if the whole of the collieries had a sliding scale, then that "colliery would be relatively in identically the same position as "the other collieries." If the general relief to all collieries given by a universal sliding scale could be sufficient to enable the general price of coal to be so reduced as to re-stimulate demand, Mr. Young's view would be fairly open to the criticism that, though the relative position of the collieries might remain identical, yet the actual position of all the collieries together might be improved. The view, however, has already been expressed that no reduction of royalties could bring about such a result, having regard to the immense fluctuation of prices, and the smallness of the "available" royalty rent, if indeed it amounts to anything. Further, even with a universal reservation of royalty by sliding scale, concessions by way of readjustment of the scale itself, or by temporary cessation of rent...