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By S. Banisi, M. Maleki-Moghaddam

Direct observation of charge shape and its motion in industrial mills is not possible; therefore, a combination of analytical and physical studies is used to determine charge trajectory. Software packages, which predict charge motion consider only the outermost layer of charge (single ball) and ignore the charge and the interactions of grinding elements. In the new version of the GMT (Grinding Media Trajectory) software, the effect of liners specification and bulk load on charge shape and trajectory are considered. The charge trajectory was measured in a laboratory mill with the diameter of 100 cm and length of 21.5 cm with the transparent end and compared with that of the old version of GMT. Four types of polyurethane rings were accurately machined to scale down the liners arrangements at two industrial mills. The model mill was operated at 55, 70 and 85% of the critical speed for five levels of mill filling (10, 15, 20, 25% and 30% by volume). The experiments indicated that the end walls effect was negligible for the model mill with the length of 10.8 cm and beyond. The proposed relationships to correct the trajectory and charge shape were validated by using the new liner of the Gol-E-Gohar iron ore company AG mill. The positions of shoulder, toe, toe departure and impact points were predicted with the relative errors of 5, 0.7, 2 and 0.2%, respectively. The GMT software was updated with the new relationships. The results of GMT simulation indicated that when the lifter face angle increased from 7 to 30°, the distance between the charge impact point and the toe decreased from 40.1 to 11.2° for 30% filling. The change in the position of the impact point meant increasing the probability of charge impacting the toe, not the liner which favored more efficient comminution practice.

Jan 1, 2016

By D. Markwart, B. Volk

Anode effects are a phenomenon of the aluminium electrolysis process which produce potent greenhouse gases called PFCs (CF4, C2F6). With concerns surrounding global warming, and increasing regulation of GHG emissions, anode effects have become a significant sustainability issue for aluminium producers. In modem smelters, sophisticated computer control and automated alumina feeding systems allow for very tight control of the alumina concentration in the electrolyte and thus very low anode effect frequencies. Older smelters, however, do not have these systems and must either invest heavily to obtain them, or find other, innovative ways to reduce anode effect frequency. This paper will present the integrated approach to anode effect reduction used in the Vertical Stud Soderberg (VSS) potlines at Kitimat Works. Through an innovative combination of simplified signal analysis, modified alumina feed control logic, anode effect prediction, and anode effect prevention using a pager based communication system, Kitimat W arks has been able to make significant reductions to its anode effect frequency.

Jan 1, 2006

By Chr. Krause

Within the scope the collaborative research centre 599 (Medical University of Hanover, University of Veterinary Medicine Hanover, University of Hanover) the behaviour of the degradation of magnesium materials as implants are investigated by using animal experiments (rabbits). Thus extruded cylindrical pins from the magnesium alloys MgCa0.8%, WE43 and LAE 442 were implanted intramedullary in the tibiadiaphyses. The implantation duration was 3 and 6 month. After the explantation 3 point bending tests were carried out to investigate the possible changes of the mechanical properties. Clearly changes in dependence of the implantation duration could be determined. The three magnesium alloys show a decrease of the mechanical resistance with an increasing implantation time. To evaluate the degradation process, wich is the reason for the changes, micrographs and element analyses (EDX) have been accomplished after the 3 point bending tests. The micrographs show for all used magnesium alloys corroded surfaces but no preferred corrosion on the grain boundarys. The element analyses show beside a layer which is rich in calcium and phosphorus an agglomeration of rare earth elements in this layer. With these results a using of magnesium alloys as a material for implants can be announced.

Jan 1, 2006

By A. Bouchard

"Based on laboratory testwork, a two-stage cleaner / re-cleaner circuit with feed regrind was proposed to replace an existing single-stage middling circuit treating a scavenger concentrate at Inco’s Clarabelle mill. In order to effectively transfer the technology and implement the new flowsheet in the plant, an extensive on-site pilot plant campaign was conducted. After demonstrating the improved metallurgy, the two-stage middlings circuit was successfully implemented at the operation.The present paper describes the on-site pilot plant testwork and the plant metallurgical improvement after implementation of the new middlings circuit. The addition of TETA / Na2S03 greatly enhanced the pentlandite selectivity against pyrrhotite and the two-stage cleaning considerably improved the pentlandite selectivity against rock minerals. The improvement was immediate after the installation of the new middlings circuit. Size by size recovery analysis indicated that a finer regrind would further improve the metallurgy of the new two-stage cleanerhe-cleaner circuit and those modifications are in progress at the mill.INTRODUCTIONThe milling operation at Inco’s Clarabelle mill has been described elsewhere (Kerr and Kipkie, 1985; Agar, 1991). While maximizing the recoveries of chalcopyrite (Cp) and pentlandite (Pn), continuous effort has been directed toward improving pyrrhotite (Po) and rock minerals (Rk) rejection. Inco discovered diethylene triamine (DETA) and triethylene triamine (TETA) (Marticorena, et al., 1994) for pyrrhotite rejection. Falconbridge further improved pyrrhotite rejection using DETA and SO2 (Kelebek, et al., 1995). No special technologies are used in the rejection of rock minerals."

Jan 1, 2001

By Ken J. Brouwer

Stillwater Mining Company commenced construction and development of the East Boulder underground mine in 1998. This new PGM mine is situated adjacent to the East Boulder River approximately 35 miles south of Big Timber, Montana. Project planning and development incorporated detailed collaboration between the regulatory agencies, concerned citizens and mine personnel. A unique ?good neighbour agreement? was established with a local environmental group who have become actively involved in the review of ongoing site development and the implementation of environmental and compliance monitoring. Environmental management systems allow for integrated management of tailings, waste rock and water in order to minimize surface disturbances and to prevent adverse impacts to the East Boulder River. Long-term site development plans contemplate implementation of comingled waste rock and paste tailings. Water management capabilities allow biological treatment of all excess mine water in order to reduce nitrogen loadings prior to land application disposal by means of spray evaporation, snow making and land application. The comprehensive waste and water management plans have also been integrated with staged mine development and interim reclamation requirements.

May 1, 2002

By Wilson Pascheto

One of the main outcomes of a capital project is the reliability of a new plant, system or equipment. During 20 years of experience working in various capital projects for the mining industry, the author experienced failures which have caused significant losses to Owners, in many cases amounting to millions of dollars and almost jeopardizing entire projects. Often, failures were related to faulty design, shop fabrication and/or construction. Therefore, significant opportunities exist in the Mining Industry to improve the success rate of capital projects, improve on-line time at start-up, minimize the occurrence of unplanned maintenance due to equipment failures, and all this with positive contribution to health and safety. This paper presents some examples of failures and how they could have been prevented by proper Quality Assurance methodology. It also discusses some of the main challenges in the implementation of such methodology, including awareness of the Materials discipline and availability of trained Engineers.

Jan 1, 2015

By Jim Richard

Introduction Electric Vehicle Controllers (EVC) and the Northern Centre for Advanced Technology (NORCAT) have created two generations of Lunar Highland Simulant ?Simulant preparation techniques and equipment resulted from drilling activities in support of Regolith and Environment Science and Oxygen and Lunar Volatiles Extraction (RESOLVE ) ?The purpose of defining the compaction process was to minimize the effect of density on drill testing This allowed other variables including drill bit geometry, auger, RPM, and thrust to be evaluated independent of density ?Density of Highland Regolith falls within a range of 1.40 to 2.29 g/cm3 (p484 Lunar Source Book)

May 1, 2013

By Erik Spiller

"Water and cyanide are highly contentious and conflict issues that many gold mining companies encounter worldwide when dealing with local farming communities, industries and cities competing for water as well as non-government and government organizations. Historically, the gold industry has used processes that required minimum amounts of water to treat and recover gold at locations around the world. Examples are dry grinding for refractory gold treatment in the late 1800s and early 1900s and dry blowing in arid/desert regions to recover alluvial gold. In recent times, new dry processing equipment has been developed and include equipment such as air tables and jigs. Researchers have also modified a Knelson concentrator to concentrate gold from dry solids. High pressure grinding rolls (HPGR) with air classifiers are used to treat industrial minerals and pilot trials have shown that the technology can be applied to comminute refractory gold ores ahead of roasting. Dry stacked tailings is being applied on gold mines to reduce overall water consumption This paper will review the available technologies that in combination may be able to substantially reduce the quantity of water used in the processing of gold ores.INTRODUCTION Water makes up most of the world: the planet is 75% water. Some 97.5% is saline water largely in the oceans, so that only 2.5% is fresh water and useful for human needs. The demand for water is driven primarily by population and concomitant economic growth. Overall, some 70% of the water withdrawn from the environment is used in agriculture, 20% by industry, 7% by households and 3% for mining (Brown, 2003: Maupin et al., 2010). Whilst the water needs of the mining industry are minor compared to those of agriculture, an operating mine requires a relatively large quantity of water on a daily basis to carry out operations. Mining activities are often located in remote, arid environments, with limited access to water. There are a multitude of water resources available to the mining industry for its needs. However, much of this water is saline and over the last two decades there has been a continual decline in water quality (i.e. salinity has increased). In today‘s world, there are enormous internal and external pressures to reduce water consumption at a mine, and/or alternatively use water not considered a resource by the local community. Strategies to meet these objectives can be achieved by implementing good water management practices, by recycling process water, reducing water losses by evaporation and seepage (i.e. by increasing and improving dewatering practices) and employing new technologies such as dry stacking and dry processing (Dunne, 2010)."

Jan 1, 2017

By M. D. Everell

Le Centre de Recherches minérales (CRM), qui est un organisme de recherche appliquée du ministère de l'Energie et des Ressources du Québec, a été créé en 1969, dans le but de procurer un support scientifique et technique à l'industrie dans le domaine des mines et de la métallurgie. Pour atteindre ses objectifs, le CRM met à la disposition de l'industrie un personnel spécialisé et compétent dont une quarantaine d'ingénieurs et de scientifiques. Etant donné la nature même de l'industrie minérale, ce personnel est très versé dans l'étude des problèmes diversifiés des domaines de la technologie minière, du traitement des minerais, de la métallurgie extractive et de l'analyse minérale. Ce Centre de recherches met également à la disposition de l'industrie une usine-pilote permettant de reproduire les résultats du laboratoire au moyen d'un appareillage de type industriel, d'obtenir des échantillons en quantité suffisante pour une exploration du marché et de familiariser du personnel avec les opérations normales de l'industrie. Certaines de ses contributions récentes au développement de l'industrie minérale du Québec seront présentées.

Jan 1, 1985

By Fazel G. Jahromi, Ahmad Ghahreman

"Several studies were performed on the atmospheric leaching of copper sulfide minerals in the presence of activated carbon and a new catalyst, AF 5. AF 5 is a carbon based catalyst with similar properties to those of activated carbon however much better mechanical properties. The activated carbon surface chemistry has been investigated in various studies; however the connection of the surface chemistry of activated carbon and AF 5 with the sulfide minerals during the atmospheric leaching process is not well-understood yet. Based on the surface analysis, AF 5 showed higher surface area than activated carbon (AC). Adsorption and oxidation of copper, arsenic and iron ions in the presence of different activated carbon were investigated. Adsorption properties of both catalysts were similar and 18-24% of iron, 12-18% of copper and 10% of arsenic adsorbed on the catalysts surface form 5 g/L Fe(III) and Cu(II) and 2 g/L As(III) at 80°C. In oxidation experiments, both catalysts reduced Fe(III) and Cu(II) ions and re-oxidized the reduced species in the presence of oxygen and oxidized As(III) ions. The addition of oxidizing ions can enhance the oxidation process kinetics and increase the catalytic capability of carbon.INTRODUCTION Hydrometallurgical processes of copper sulfide concentrates are under development and various different methods have been proposed to increase the atmospheric leaching rate of copper sulfide minerals. These methods include using different media, reagents, and catalysts. Among different methods, leaching of the copper sulfide minerals in the chloride media has some advantages over sulfate media. Smaller scale of operation, increased leaching rates, and lower sulfate formation are some of the benefits of the chloride leaching media over other similar media. Moreover, using ferric and cupric ions as oxidants and utilizing activated carbon as a catalyst has been proven to enhance the leaching rate of copper sulfide minerals effectively. Activated carbon (AC) and AF 5 (micro porous carbon based catalyst) are two of the most efficient and practical catalysts in copper sulfide leaching processes. AC can enhance the copper recovery of enargite in chloride media from 69% to 92% after 96 hours of leaching under the similar conditions (Jahromi & Ghahreman, 2016). It has been shown that AC at acidic pH can generate hydrogen peroxide in the presence of oxygen which can leach copper minerals (Ahmumada et al., 2002)."

Jan 1, 2017

By E. Barnard, J. Tero, J. Rajala, N. Avenido, M. Fullam, A. Nashitati, S. Mbalamba

"The Otjikoto mining and milling complex is 90% owned by B2Gold Corporation, and began commercial operation on February 28, 2015. The milling circuit operates at a throughput 3.3 million tonnes per annum, with an average reserve gold grade of 1.28 g/t. The ore is high in Gravity Recoverable Gold (GRG), which varies between 73-91%, depending on ore type. Overall gold recovery since start-up is 98.2%, with about 63.5 % coming from the gravity circuit as doré. 2016 cash operating costs, and all in sustaining cost (“AISC”) were $361 and $604 per ounce, respectively.During design, three ore types were tested for GRG content, and based on the high GRG value of all three ore types, the decision was made to treat the full ball mill circulating load by gravity. Once operating, the gravity circuit performance was characterized by performing a detailed gravity audit, which included the ore, cyclone classification, Knelson concentrators, and the Consep Acacia intensive leach system. The deeper ores contain significant pyrrhotite, and this created some unusual challenges that had to be overcome. This paper presents the gravity circuit design process, the circuit commissioning, and the audit results and ongoing improvements.IntroductionHeadquartered in Vancouver, Canada, B2Gold Corp. was founded in 2007. Currently, B2Gold has five operating mines, and numerous exploration projects in various countries, including Nicaragua, the Philippines, Namibia, Mali and Burkina Faso. The Otjikoto Mine is located in the north-central part of the Republic of Namibia. It is situated approximately 300 kilometers north of Windhoek, the country’s capital, within the Province of Otjozondjupa. The Otjikoto mining and milling complex is 90% owned by B2Gold Corporation, and began commercial operation on February 28, 2015. The milling circuit operates at a throughput 3.3 million tonnes per annum. During design, a large emphasis was placed on gravity recovery, as the Otjikoto ores are unusually high in Gravity Recoverable Gold (GRG)."

Jan 1, 2018

By R. D. Brown

On November 16, 1978, Finance Minister Chretien delivered his second formal budget in the House of Commons. Over-all, the provisions of the budget should provide moderate stimulus to the Canadian economy. With respect to the mining industry, the budget offers some welcome changes in the form of' improved write-offs for development expenses and social assets; higher investment tax credits; and a reduction in federal sales tax. On the other hand, income bond financing of new mineral ventures may be restricted.

Jan 1, 1979

By Clifford S. Gibson

THESE troubled times suggest three reasons for maximum effort to control silicosis: (1) To keep to a minimum the ever-increasing burden occasioned by past deficiencies in this respect. (2) To effect the greatest production with maximum efficiency, which means at the least cost. (3) To preserve man-power in every way. Good control of the silicosis problem aids these aims. Inadequate control hampers all three. Insofar as our knowledge goes, silicosis in Ontario mines is caused by the inhalation of finely particulate quartz. It follows, therefore, that removal of dust containing this mineral automatically erases the cause. The achievement of this ideal is the aim of the mine operator. His best tool to this end is ventilation. This paper discusses mine ventilation from the viewpoint of dust control and it is hoped that in so doing there may result a better understanding of the part played by air in silicosis prevention. No attempt will be made to treat the subject fully. Instead, there will be presented certain salient aspects culled from field observations, the data in all cases referring to gold mines, unless mention to the contrary is made.

Jan 1, 1942

By A. L. Mular

"On behalf of Bob Bruce and myself I would like to begin by stressing some key points.First, most of us know that the Canadian Mineral Processors was formed in 1969 and is an offshoot of the Canadian Gold Metallurgists. I attended that first meeting in 1969, and I haven't missed a meeting since! Pretty obvious that CMP serves the best booze! At any rate, we know that our meetings are supported by CANMET. Camsell Hall is always at our disposal; Bob Bruce acts as permanent secretary pretty much free of charge; we receive a financial grant from CANMET. This brings me to a second point.Second the Canadian Mineral Processors do not enjoy a free ride in this relationship. CMP provides a genuine service to the mining industry, to government, and to universities. For the industry, CMP serves as a forum for the rapid dissemination of new ideas and new technology developed at remote locations throughout Canada. New developments outside Canada are introduced by invited speakers at our meetings. The effect is to help reduce operating costs and increase efficiency.For government, problem areas and research priorities can be isolated through mutual discussions. Direct communication at our meetings can help CANMET to temper its goals and modify its national priorities.For universities, CMP provides a wealth of operating experience and practical know how. The yearly proceedings are a major current reference source fo1· those of us who teach mineral processing. Admittedly, the proceedings are publ-shed from CMP coffers. However, I note that our fees are up this year, which brings me to a third point.Third, we face some potential problems of a financial and political nature. From a financial view, we may lose our CANMET grant and other financial good will simply because of spending constraints. Our fees are expected to climb each year thereafter.From a political view, we know that the metallurgical society of CIM is anxious to incorporate CMP as a section. The pros and cons of such a merger have been described in a recent mailing. In th2 final analysis, the political and financial problems are interrelated. There are several alternative solutions to both problems, which brings me to a fourth point"

Jan 1, 1979

By Larry M. Southwick

Extraction of gold and other metals from ores suspended in liquid slurries often involves gases (such as oxygen) as a participant in the reaction. An important factor then in setting the rate of extraction can be mass transfer of the gas into the liquid and/or solids. A number of recent studies have indicated that as solids loadings increase, mass transfer rates of gas into solid-liquid mixtures decreases. This would seem to imply that lower solids loadings would be beneficial to increased reaction rates. However, since it is the solids which are being reacted, a most intriguing paradox is created. More solids should lead to more surface area to react, but it seemingly also provides less gas to react. So is the reaction faster or slower as solids loadings increases? The creation of this paradox is imbedded in how mass transfer and reaction data is collected and measured, how it is analyzed and correlated, and finally on the rate controlling steps in the reaction. An alternative analysis of these studies is presented which clarifies and eliminates the paradox. The analysis applies to water slurries as used in gold or other metal leaching processes or in bio-hydrometallurgy, as well as to molten metal/solid/gas mixtures such as might be encountered in submerged gas injection.

Jan 1, 1999

By A. Supomo, H. Resendiz, C. Burbidge

"Freeport-McMoRan Inc. (FMI) commissioned the expansion of the Morenci Metcalf concentrator in 2014. The concentrator included many design and equipment innovations, including the first-of-its-kind Metso Hydraulic Roll Crusher (HRC), variable speed ball mills and variable speed crushers. In addition to the innovative design, FMI commissioned the Metso APC team to design a realistic process simulator and the plant APC. The process simulator was utilized to train operators before commissioning, which led to a smoother plant start up. The plant APC utilized the concept of dynamic constraint control, which controls the feed to the primary ball mills by “pulling” the tons from crushed rock storage bins, which then automatically are filled by the upstream HRC and secondary crushing circuits. The primary ball-mill control also adjusts the water addition to the cyclone clusters to avoid overload and achieve sufficient grind size. The constraints include in-circuit constraints for feeder capacity, screen-deck capacity, ball mill power, cyclone mass flow, pump capacity and pump motor capacity. The APC system was implemented shortly after the start of commissioning and immediately demonstrated increased throughput and an ability to highlight and quantify process constraints and bottlenecks. The following paper outlines the control strategy, discusses system implementation, results and challenges.INTRODUCTION The FMI Metcalf Concentrator is located in Morenci Arizona on the site of the old original Concentrator. The new Metcalf concentrator started operation in May of 2014. This plant was designed for an average of 63,500 tpd (70,000 stpd), increasing the total Morenci concentrator complex production to a nominal 113,400 tpd (125,000 stpd). The process flow diagram is shown below in Figure 1.The process consists of primary crushing feeding a coarse ore stockpile followed by secondary crushing operating in closed circuit with vibrating screen decks. The screen undersize feeds the first of its kind Metso hydraulic roll crusher (HRC) operating in a closed circuit with vibrating screens. The primary crusher is a Metso 60x110 gyratory crusher. Secondary crushers are Metso MP1250 Crushers with variable speed drives. Secondary crusher discharge is recycled to the dry screen feed bin and screened with oversize returning to secondary crushing and undersize feeding the Metso HRC3000. The product from the 3.0 meter X 2.0 meter roll crusher is wet screened with the undersize feeding the grinding circuit, which is comprised of two each 24-foot diameter by 40- foot-long variable speed ball mills running in parallel with each in closed circuit with a cyclone bank of 12 cyclones. The wet screen oversize is recycled to the HRC feed bin."

Jan 1, 2019

By Robert B. Parsons

"The budget that was tabled by Finance Minister MacEachen on November 12, 1981 will result in a major tax reform of Canada's income and sales tax systems, the likes of which have not been witnessed by taxpayers since 1971. All segments of the economy will be affected one way or another by the far-reaching budget proposals; the mining industry did not escape untouched.Important changes will be introduced which will alter some of the fundamentals of structuring mineral resource ventures in Canada. This month, Tax Notes examines these changes, and also summarizes the other highlights of this key federal budget.IntroductionFinance Minister MacEachen's budget, with its lower personal tax rates, loophole plugging and tax shelter bashing, represents the biggest shakeup in our tax system since tax reform in 1971. In his budget, presented in the House of Commons on November 12, Mr. MacEachen proposed substantially lower tax rates for middle and upper income individuals, with the top federal and provincial tax rate dropping to about 50%, but in return he eliminated most of the opportunities for individuals, and corporations, to reduce or defer taxes through a wide variety of tax shelter and tax planning mechanisms.Although many of those budget proposals that dealt with the resource industries focused on the implementation of the September 1, 1981 agreement reached by the federal and Alberta governments concerning the National Energy Program (see Tax Notes in the December 1981 issue of the Bulletin), the budget also contained some proposed amendments that would have significant implications for investment in the mining industry.This month, Tax Notes examines these latter proposals, and also summarizes very briefly those budget proposals which are not unique to the resource sector."

Jan 1, 1982

By E. Henderson, L. K. Daneshmend

Drawpoint control is critical in determining the cutoff point for load-haul-dump mucking operations to minimize dilution. It is also necessary to ensure even mucking distribution and to prevent possible hang-up of material within a stope. A prototype production monitoring and reporting system has been developed for load-haul-dump operations in under-ground mines. The system generates accurate and timely information regarding mucked tonnages and drawpoint and ore/waste pass utilization. The monitoring system integrates a PLC-based load weighing system with a radio frequency identification (RFID) system for locating the vehicle. The system records the identification and time of entry and exit of each draw-point and ore/waste pass visited during a shift, as well as the weight of each bucket load. A trial of the system was conducted at the CAN-MET Experimental Mine near Val d’Or, Quebec. The monitoring and reporting system functioned as designed, with the exception that the maximum read range of the RFID tags under dynamic conditions was found to be a limitation. RFID systems with greater range capabilities have been identified for a second generation system. The system is the first of its type in North America to demonstrate that RFID tagscan be successfully applied to locate trackless underground equipment. Because of their ability to locate equipment and personnel within underground mines, RFID systems should be considered a key technology for future mine information and process control systems.

Jan 1, 1996

Current AG and SAG mill circuits have continued the trend to larger, fewer mills. These large mills place a significant additional load on the discharge systems and it has become imperative that the designs of these mill discharge systems are evaluated carefully to ensure maximum efficiency and have the capacity to be able to handle the increased mill discharge volumes. The current generation of multiphysics modeling tools allow a detailed analysis of AG and SAG mill discharge performance. The combination of Discrete Element Method modeling and Computational Fluid Dynamics allows the designer to model in detail all aspects of a mill discharge performance. This includes a detailed description of the build-up of solids and slurry in a mill discharge, the recycle of material back into the mill through the grates, the relative wear rates and the occurrence of overloading at the pinch points. These tools allow intelligent decisions to be made regarding the type of discharge arrangement, pan lifter geometry, and discharge cone design, so as to ensure that the discharge is capable of handling the duties required for a specific installation. This paper details the current state of the art in these modeling tools, and provides an overview of some recent applications.

Jan 1, 2012

By J. W. Bingay

The expansion of the mining industry, with other industries, of course, is dependent upon a supply of fresh capital from year to year. Mining is a speculative form of investment, though there is a wide range of risk as between indiudual undertakings. All of the leading financial writers, nowadays, agree that expansion is being seriously interfered with by the unprecedented load of taxation Canadians are carrying. Individuals have less for investment and corporations are obliged to defer necessary expenditures in order that the demands of the taxing authorities may be met. Naturally, speculative investments such as mining exploration suffer first. Undoubtedly, a great deal of cash raised by taxes, if left in the hands of individuals and corporations for investment and expansion, would have been far more beneficially used and would have developed the country more than any use made of it by the government, in the way of bonusing new industries, or the undertaking of large schemes of development. Government undertakings of this nature are often entered into without a proper knowledge of cost and probable return. Expert expenditure of the same sums by business men or corporations undoubtedly would generally produce more prosperity for the country as a whole. The absolute necessity for lower taxation is being increasingly known to the public at large, and eventually it is hoped that our governments will see the economic impossibility of continuing the present rate of expenditure. The successful Finance Minister of the near future will not be the one who can borrow the most money.

Jan 1, 1924