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By M. K. Walter

"The underground operations of Kidd Creek Mines uses an average of 450 U.S. gpm water during regular operations, and discharges an average of 800 U.S. gpm through consecutive staged pumping lifts of 1200f t.Water is used as a flushing medium for the drilling operations and as a dust suppressant for drawpoint mucking. The water retains an average of 5% suspended solids by weight which is removed underground before being pumped to the surface. This paper outlines the treatment of the mine water for the removal of suspended solids which are chemically treated to settle out as a sludge product of 60% solids by weight. This process reduces the sludge handling operation by 50%. The sludge is systematically disposed into the ore passes.IntroductionThe Kidd Creek minesite, located 27 km north of Timmins, Ontario, produces 4.5 million tonne s of copper, lead, zinc and silver ores annually from its No. I and No.2 underground mining operations. Both mines use a sublevel blasthole stoping method of extraction.Water from the underground operation passes through a series of surface settling ponds, where it is treated to remove heavy metal ions from solution. A blend of the pond effluent with fresh water from Kidd Creek, supply the underground with water at an average rate of 450 U.S. gpm. Water flows from the production zones through coarse sumps and into a main pumping station. There are five main pumping stations underground, three in No. I Mine and two in the No.2 Mine.The No. 2 Mine pumping stations are located on the 4800 level and the 3600 level. All water below the 3600 level to the shaft bottom is controlled from the 4800 pumping station. The water from the 4800 pumping section is combined with water from the remaining levels of the No.2 Mine at the 3600 pumping station. Water from the 3600 pumping station is pumped to the 2400 pumping station in No. I Mine.The No. I Mine pumping stations are located on 2800, 2400, and 1200 levels. All water below the 2400 level to the shaft bottom is controlled through the 2800 pumping station. This water is pumped to the 2400 pumping station. The 2400 pumping station also controls the water below 1600level to 2400 level."

Jan 1, 1988

By F. Urekar, R. B. Pankhurst

"Air spaces and air gaps in an explosives column are known to allow greater distribution and cushioning of explosive energy from the rock mass. This energy distribution is enhanced if the explosives ' gases can be confined in the borehole for as long as possible by plugging and stemming above the air space.Power Plug is an inflatable plug which can seal a borehole at any point to separate the stemming from an air gap and explosive toe load.IntroductionThis paper will discussion-going work by C-I -L Inc. and operators of two open pit mines to study the results of using Power Plugs:I. Pit wall stability - the authors have found the Power Plug effective for wall control blasting in open pit mines.2. Selective mining of coal seams - the authors work shows the Power Plug allows mining selective coal seams by predrilling underseam waste wedges.Pit Wall StabilityWall stability in an open pit mine is essential for safety. Good wall stability can be achieved with wall control blasting techniques which cushion the effect s of the explosives charge by decoupling the charges from the borehole wall. The usual method of decoupling a charge in a large-diameter rotary borehole is to load the explosives in tubes (Fig .I) . We now believe the air deck system is effective in sea ling a borehole above the explosive charge to create an air deck within the borehole which will cushion the blast.In a linear decoupled charge, an air annulus surrounds the explosives charge and cushions the effects of detonation genera ted gases on the pit wall. In an air deck, i.e. with the hole plugged at the collar, the gases genera ted by an explosive toe load are sealed in the empty borehole column. After a period of time, these trapped gases produce radial cracking between holes along the entire length of the borehole.It is common practice to employ de coupled explosive charge columns in the borehole to limit blast damage to surrounding rock. The exact mechanism of energy transfer in such blasts, however, is not well understood. Interruption of the continuous explosive column in a borehole by means of stemming, or air decks, may also be viewed as another form of decoupled blast. Decoupling of the explosive charge from the borehole wall affects both explosive energy release and explosion pressure developed in the borehole."

Jan 1, 1988

By G. C. Laurence

"This paper discusses the hazards and extensive precautions taken in Canadian uranium mines, concentrating plants and processing plants. It also outlines Canadian policy regarding the control of the sale and distribution of uranium and other nuclear materials.OVER THIRTY YEARS AGO, I spoke to The Canadian Institute of Mining and Metallurgy here in Montreal about radioactivity and its dangers. I must have made quite an impression thirty odd years ago, because now you have asked me to do it again. Of course, the picture has changed. Then they were mining uranium ore, recovering the radium from it and throwing away the uranium. Now they are still mining uranium ore, but are throwing the radium out on the tailings dumps. Thirty years ago, most people did not know what ""radioactivity"" meant. Nowadays, they have beard that it is dangerous, and some of them, recently, be-came worried about the radium in the tailings dumps and what becomes of it."

Jan 1, 1969

By C. Boudreault, M. Fortier, S. Fafard

In the forging industry, the increasing trend is to use DC cast billets as forging stock to replace extruded stock. However, there is little technical information available in open literature. In order to gain a better understanding of the behaviour of cast stock during deformation, a study was initiated to evaluate the impact of an homogenisation treatment on the billet prior to cold forging. Axisymmetric upsettings of cylindrical samples machined from DC billets were achieved in order to evaluate and compare flow stresses, crack initiation and propagation. Results show a 30% decrease in flow stress after homogenisation. Observations of the deformed samples show major cracking for the as-cast material. Optical microscopy and SEM observations have related the crack initiation to decohesion around ß -AlFeSi particles and subsequent growth along the constituent path. Homogenisation effectively breaks up and transforms the ß phase, present as platelets in the cast product, into smaller spherodised a-AlFeSi particles. This has the effect of preventing crack growth in the forged product. The homogenisation treatment also resulted in the reduction of Mg and Si in solid solution. The softer matrix generated 29% less die wear when compared to the as-cast structure. Based on the results of this study, it is thus recommended to homogenise cast billets prior to cold forging.

Jan 1, 2006

By M. Sengupta

International trade in minerals plays a very important role in the economic growth of many nations. Several less developed countries a1•e heavily dependent on their mineral exports for earning foreign exchange, which is needed for industrialization. Mineral exporting nations experience many problems in international mineral markets; the most important are tariff barriers, deteriorating terms of trade, instability in metal prices, etc. The formation of international mineral cartels to raise prices can be successful only to a limited extent and only for a short period of time.

Jan 1, 1976

By SANDVIK WHITE

The mining industry produces approximately 4-7% of global greenhouse gas (GHG) emissions. It is fundamental for mining operations to take immediate sustainable action to actively contribute to an emissions-free future for the next generations. The mining industry has traditionally relied heavily on diesel technology and transitioning to more sustainable solutions requires change management to drive cultural acceptance and new product development. Sandvik was interested to find out the lifetime emissions of a single drill rig and to compare similar application diesel and BEV drill rigs with same use profile to each other. That led the calculation and pondering towards comparing different countries and mine sites as well

Jan 1, 2023

By P. B. Marchant

"Considerable gold and silver values are lost to flotation tailing from both the South ern Tail orebody and the Main Zone orebody,The underlying mineralogical assemblage of the two ore types is quite different. This paper describes the research strategy employed to determine an economical method to scavenge gold and silver from flotation tailing.Much of the unrecovered gold in the Southern Tail ore is associated with arsenopyrite while silver losses are probably as unliberated tetrahedrite and minor silver-bearing sulphosalts. Processing alternatives tested include bulk sulphide recovery by flotation and gravity, selective pyrite-arsenopyrite separation, cyanidation, and oxidation pretreatments such as pressure leaching and bioleaching to enhance cyanidation response. Gold losses in the Main Zone ore are more closely associated with silver-bearing minerals, pyrite, and siliceous gangue and consequently respond more readily to conventional tank cyanidation. The 5 300 tid carbon-in-leach circuit to treat Main Zone flotation tailing is described in detail.IntroductionEquity Silver Mines Limited's open-pit silver mine, a 70% owned subsidiary of Placer Development Limited, is located 37 km southeast of Houston in north central British Columbia. The deposit consists of two major ore zones, Main Zone and Southern Tail (Fig. I). These zones are within a sequence of Cretaceous volcanic and sedimentary rocks striking 015 degree s and dipping 45 degrees west. Feasibility ore reserves were 28 million tonnes grading 106 g A g/t, 0.96 g Au !t and 0.38% Cu a strip ratio of 2.2 to I. A detailed mineralogical description has been presented and a comparison of the two ore zones is shown in Table I."

Jan 1, 1986

By William M. Luff

"The Bathurst area has recorded mining production as early as 1837, although the bulk of the production has come in recent years. Production has been mainly from the well-known massive sulphide deposits, but vein, gossan, and a variety of other deposits have also been mined. This paper summarizes the history of the mined deposits, along with tonnages and grades produced.A number of ""firsts"" have been noted in the Bathurst area. The A Zone deposit, located in the Heath Steele area, was the first in the world discovered using airborne electromagnetic methods. Heap leaching of gold from the gossan zone at Caribou was the first operation of its kind in Canada. The Keymet mine was the first base metal (lead-zinc) mine in New Brunswick. For the past few years, the Brunswick No. 12 mine has been one of the largest zinc mines in the world.IntroductionThe Bathurst area (Fig. I) first had mining production in 1837 when copper was mined from a deposit on the Nepisiquit river (MacKenzie, 1958). The majority of the production, however, has been in recent years from massive sulphide deposits, but there are also other significant operations.Table I is a summary of Bathurst area mineral production, showing concentrator feed tonnages and mill feed grades. The table does not include peat deposits, sand and gravel, dimension stone or rock quarries. Figure I is a general geology map of the Bathurst area, indicating deposit locations. The deposits are divided into four categories: massive sulphide, vein, gossan and other. The deposits in each category are described in chronological order of exploitation."

Jan 1, 1995

By G. Ladouceur

"Northgate Patino Mines produces a copper concentrate assaying 22% Cu. Moisture content of the product averages 12.5% H20 when dewatering with conventional vacuum disk filters. Recent smelter contracts reflect higher energy costs and increased moisutre penalty charges. This situation forced Northgate to investigate possible alternatives such as rotary dryers and pressure filtration. After laboratory testing, it was found that pressure filtration could economically meet the smelter's requirements. Pilot plant testing was then undertaken and confirmed the laboratory test results. Based on these findings, a model I.S.F. 1500 x 28/22 I.R. Lasta filter press was purchased.This paper describes the Copper Rand dewatering flowsheet the operation of the press and the economics of the process.IntroductionNorthgate Patino Inc. operates 2 und erground copper mines and a 3300 ton per day concentrator located in Chibougamau, Quebec, some 425 miles north of Montreal and 300 miles northeast of Noranda, Quebec.Copper concentrate is produced at a rate of 250 tons per day and trucked to a C.N. siding 10 miles from the mill site and then railed to the Noranda Smelter.Until early 1981, moisture content of the concentrate at 12.5070 was acceptable since smelter penalty charges were relatively low ($0.10 per ton per unit over 10070 moisutre). In January 1981, a new contract was signed in which the penalty was raised to $1.10 per ton per unit over 8070 . This and the increasing truck and rail costs justified the change-over from vacuum to pressure filtration . The Lasta I.S .F. 1500 x 28/22 was then purchased and installed, and operation of the plant started in December 1981."

Jan 1, 1987

"Real-time, on-stream analysis of the metal content of process slurries is an essential prerequisite for process monitoring and advanced control of mineral processing circuits. On-stream X-Ray Fluorescence (XRF) sensors for base metal applications are available commercially and form the basis of many plant monitoring circuits. To date, these commercial technologies have been insufficiently sensitive to measure precious metals such as gold and platinum group elements, typically present at part-per-million (ppm) and sub ppm levels. CSIRO has developed a novel X-ray based technology, called UltraGold, which enables detection of gold in slurries on a real-time basis with a precision below 100 parts-per-billion. This technology is based on the use of advanced X-ray optics, extensive Monte Carlo computer modelling for analyser design, high accuracy X-ray spectrum fitting where the X-ray intensities are matrix corrected. In this paper, we will introduce this technology and discuss the results of a proof of principle study performed in the laboratory with plant slurries (tailings and concentrate) from an Australian beneficiation plant. Finally, we will discuss further planned improvements. As projected grades in (gold) mining around the world fall and several large-scale mines approach the limits of their economic reserves, this method can enable significantly reduced operating costs by rapid analysis to improve circuit efficiency and hence improve recovery significantly.INTRODUCTION This paper describes a study undertaken to explore the feasibility of applying CSIRO?s UltraGold XRF technology to the on-stream measurement of gold in process slurries. The provision of rapid, accurate information of gold grade in feed, tailings and concentrate streams would facilitate significantly improved process control and early detection of plant upsets, resulting in substantial cost-savings. CSIRO have patented X-ray fluorescence (XRF) techniques for the analysis of key elements in slurries present at part-per-million (ppm) and sub-ppm levels. Conventional, commercially available on-stream XRF instruments generally have detection limits in the tens of ppm range, precluding their use for analysis of elements like gold that are mined and processed at much lower concentrations."

Jan 1, 2017

By R. R. Rogers

ABSTRACT The experiments described demonstrate that crude commercial lithium containing in the order of 0.5 per cent sodium can be refined, the resulting metal containing as low as 0.001 per cent sodium. During the process, the metal is vaporized and condensed at a gauge pressure of less than 0.04 micron. Considerable operating data and a detailed description of the experimental equipment are included. INTRODUCTION DUE TO THE unusual properties of lithium metal, its use is likely to increase considerably during the next few years (1, 2). This is of particular interest to Canadians because there are important deposits of lithium-containing minerals, especially spodumene, in Canada and it is hoped that lithium compounds and lithium metal will be produced from these deposits in the fairly near future. In order to assist in the development of this industry, the Mines Branch of the Department of Mines and Technical Surveys has initiated a programme of research in lithium metallurgy. In 1948, a paper (4) was published on methods of producing lithium metal and its alloys. Data on the corrosion resistance of some lithium alloys were included. In 1949, a paper (3) was published which showed that the addition of a small percentage of lithium to zinc anodes used for cathodic protection will improve their usefulness under certain circumstances.

Jan 1, 1951

By M. Sakata, H. Hata, K. Haiki

"Most of the secondary ZnO contains fluorine (F) in large quantities. Serious troubles at the zinc electrowinning are occurred by the cathode corrosion caused by F, therefore we developed iron compounds as F-adsorbents used in zinc sulfate solution. The iron compounds can be reused repeatedly as F-adsorbents because they can adsorb/desorb F alternatively depending on the pH. Moreover, if the adsorptive capacity decreases, we can dissolve and re-synthesize them easily. In this paper, results of the experimental process which consists of five steps (leaching, F removal, Cl removal, purification and electrowinning) to produce high purity electrolytic zinc from the secondary ZnO are reported. INTRODUCTIONThe recycle material for zinc, secondary ZnO, contains large amounts of fluorine (F) and chlorine (Cl) which are halogen elements, compared with calcine obtained by roasting of zinc sulfide concentrate. The halogen elements cause adverse effects in the zinc electrowinning process and particularly F causes corrosion of aluminum cathode plates and eventually sticking of electrodeposited zinc and therefore, F concentration in the electrolyte is controlled to less than approximately 20 mg/L. There are several methods to remove F from secondary ZnO, such as leaching with Na2CO3 or NaOH solution [1-2], vaporizing in a rotary kiln by roasting at 1000 to 1200 degrees C [3-4]. However, up to the moment, there has been no effective method for the removal of F from zinc electrolyte and it has been a big obstacle in treatment of secondary ZnO in electrowining of zinc.The authors, therefore, developed an iron compound used as an adsorbent of F in the zinc sulfate solution [5-8]. This iron compound is Akaganeite that has a crystalline structure of ß-FeOOH. Akaganeite is synthesized by neutralization of FeCl3 solution containing a small amount of SO4 2- with Na2CO3. When this iron compound is immersed into weak acidified zinc sulfate solution, F in the solution is adsorbed. F adsorbed in the iron compound is removed by immersing in weak alkaline solution and the iron compound can be reused as F adsorbent."

Jan 1, 2012

By A. V. Corlett

MR. C. S. Gibson: Mr. Chairman, I listened with much interest to Mr. Corlett's paper. Those of us who are directly engaged in mine ventilation and dust control are impressed by the improved atmospheric conditions to be derived from the use of methods of mining such as those in operation at Aldermac, which Mr. Corlett has just described, and those employed at Noranda. It is a well known fact that drilling-dust is one of the most potent factors in the production of silicosis in mines handling ores containing quartz, so that from that angle the use of diamond drills, instead of percussion drills, to drill ore for blasts in stopes is an important development. A second point which I think merits mention is blasting. Blasting, we all know, creates the most dust in a mine and the fact that you can drill ore for a large blast with diamond drills and fire it, say, on Saturday night, and then have all the next day to ventilate the workings, is a great advance in dust control. 1 have wondered if Mr. Corlett, or possibly those at Noranda, can en-vision the use of the diamond drill as a means of advancing cross-cuts and drifts, preparing stopes, etc. I believe it is a matter which is receiving considerable attention at the moment in some parts of the world and J thought it would be interesting to have Mr. Corlett's reaction on that point. MR. A. V. CORLETT: I am not quite so hopeful of using diamond drills as a means of drilling holes in the ordinary drift. Maybe some of the diamond drill men can give us some further information on that point. MR. R. D. LoNGYEAR: The diamond drill manufacturers are working on that problem, but until further work is done we have nothing definite to offer. Drilling holes with a diamond drill to compete with rock drills for advancing drifts and cross-cuts is a desirable objective, because of the elimination of drilling dust and the ability to cut a smooth bore of uniform diameter. To reach this objective, higher rates of penetration are required, which can only be achieved by discovering the optimum bit rotating speed, by reducing vibration, and by further improving the bits and machines. We are optimistic, but the problem is still largely in the research stage.

Jan 1, 1940

By J. Olson

"A model was developed to use near-infrared (NIR) analysis of pulverized ore samples to estimate the recoverable gold content for ores from the Barrick Cortez Hills underground mine. Current routing practices use a ratio of the cyanide soluble gold content and fire assayed gold (CN/FA) to classify ores as oxide or refractory. Prediction accuracy of the NIR model was equivalent to the CN/FA ratio. Prediction accuracy was improved by combining the CN/FA ratio and the NIR spectra. Bootstrap validation estimates the root-mean-square error to be 9.92% with an estimated r-squared value of 0.893. This model will allow more accurate estimates of the variability in recoverable gold content throughout this mine. These data will aid in building an improved geo-metallurgical model or in making better informed routing decisions during the production cycle.INTRODUCTION The contained gold of an ore available for cyanidation is often related to subtle variations in the mineralogy. It is difficult and expensive to collect enough mineralogical information in order to predict how the variable mineralogy will impact the metallurgical results and project economics throughout the life of the mine or mill. Near-infrared spectroscopy may be an effective tool to rapidly and inexpensively collect discrete, quantitative mineralogical data for minerals that contain transition metal oxides, metal sulfides with semi-conduction properties, rare earth metals, and some chemical groups having di-pole covalent bonds such as carbonates, sulfates, and various types of clays (Hunt, 1977). Near-infrared spectroscopy can be a powerful tool for geo-metallurgical characterization of deposits where the presence of these minerals has direct or indirect relationships to metallurgical results such as grindability, regent consumption, or recovery. Near infrared spectroscopy is a rapid analysis that measures the intensity of reflected light in the near-infrared spectrum. The ranges for the ASD-Panalytical units used in this study extend through the visible spectrum and into part of the UV spectrum, reporting reflection by wavelength from between 350 nm to 2500 nm. Absorption peaks visible in this range are a result of interactions with outer valence elections or chemical bonds. The location and intensity of the peaks vary depending on the chemical composition and crystal structure of a solid indicating the presence and abundance certain minerals (Hunt, 1977; Clark, 1984)."

Jan 1, 2017

By L. M. Dwarkin, D. F. Coates

Crows Nest Industries Limited adopted roof bolting in 1963 to improve roof control and to extend continuous miner utilization in one mine. Bolting was held back because anchorage tests gave inconsistent results. The time lapse between mining and bolting was suspected as a cause, and so a test entry was driven and sections of it were bolted as part of the work cycle in addition to the normal timbering. This paper presents the results of the instrumentation of test entries and discusses the utilization of the data to improve mining procedure.

Jan 1, 1967

By Guy Demers

"This paper defines the responsibilities and functions of the Maintenance Department, and its organization, physical and human assets, highlighting the unique operating problems. Due to the self-sufficient aspect of the Asbestos Hill Deception Bay project, the Maintenance Department cover-s fields that are numerous and very dissimilar: production, mobile, processing, service, power generation, fire protection, heating, water and sewage disposal equipment. Added to this, buildings, plant and camps, wharves and communications equipment all demand versatility, adaptability and expertise from maintenance personnel. Good maintenance practices are a necessity in this environment and are more critical than at southern locations; that is, high-quality replacement material, complete and well-controlled preventive maintenance, major repairs on a component-replacement basis, updated inventory, efficient training and permanent contacts with suppliers, combined with an equipment improvement program, updated specifications on lubricants, hoses, seals, filters, etc., are mandatory. The seasonal aspect of the operations applies a great deal of pressure on the maintenance team, as the production months do not permit major repairs. Short- and medium range planning and accurate evaluation of equipment conditions highly influence production efficiency. Maintenance control, planning and scheduling do not follow the accepted standard routines, as personnel turnover normally does not permit an accumulation of knowledge of the equipment history and condition by the •individual tradesman."

Jan 1, 1976

By Lloyd W. Trevoy

Titanium and zirconium heavy minerals occur in the tailings streams from processing plants which use the hot-water extraction process for recovery of bitumen from tar sand. In a research program conducted by Syncrude Canada Limited, the crude tailings stream was upgraded to produce quality zircon and titanium mineral products. To process the tailings through conventional upgrading equipment, bitumen residues must first be removed from the mineral grains. Then, by gravity separation, fines and coarse sand grains were removed and a 71% heavy minerals concentrate was prepared which was further separated by high-tension equipment into zircon and titanium minerals concentrates. The zircon concentrate was upgraded by gravity, magnetic and high-tension cleaning to produce a high-quality 98% zircon product. The titanium minerals concentrate was separated into rutile, leucoxene and ilmenite fractions. Heavy minerals distribution in tar sand drilling core samples has been evaluated for various locations on Syncrude Lease 17, and expected annual production levels of heavy minerals have been estimated. A preliminary evaluation has been made of the potential for zircon, leucoxene and rutile production and for further upgrading of ilmenite and leucoxene to synthetic rutile for titanium dioxide pigment production.

Jan 1, 1978

By E. A. Morris

It has been shown that Alberta oil-sands fluid coke can be effectively used to reduce SO2 to elemental sulphur while simultaneously producing sulphur-impregnated activated carbon (SlAC). In the capture of mercury from industrial flue gases, SIAC has proven to be a highly effective adsorbent material. The current research aims at developing an existing SlAC technology to meet the needs of copper smelters for mitigating both mercury and SO2 emissions, while making elemental sulphur as a co-product. The challenge behind this undertaking is that these flue gases generally contain percent levels of 02 and H20 vapour (2-12%). The focus of this study is therefore on the feasibility of reducing SO2 using fluid coke under copper smelter flue gas conditions, as well as the optimisation of SIAC properties for capturing vapour phase mercury. It is hypothesised that mercury capacity is strongly affected by the 02 potential of the activation gas due to changes in surface sulphur types arising from different reduced sulphur species. To verify this, gas chromatography is used to analyse the reaction products while XPS and XANES will be used to describe the nature of sulphur on the SlAC surface. CVAFS analysis of mercury capacity will finalise the hypothesis assessment. Preliminary results indicate that 02 at 5% does not play a significant role in SSA or pore development. As expected, increased residence time contributes to SO2 reduction and elemental S yield.

Jan 1, 2007

By A. F. Matheson

"The Jellicoe is the most westerly mine in the Little Long Lac area with a record of gold production. The property is largely covered with overburden and the ore deposit was found by diamond drilling along the projected strike of a gold bearing zone at Magnet lake 1 ½ miles to the east on the property of Bankfield Consolidated Mines, Limited. In 1940-41 Jellicoe mined the whole orebody of approximately 14,000 tons, recovering 5,620 ounces of gold.The vein is in light-coloured greywacke. A mile-long dyke of fine-grained quartz feldspar porphyry 5 to 10 feet in width lies 100 feet south of the vein. A similar, even longer dyke lies 700 to 800 feet north of the vein. Some narrow diorite dykes are also rather closely associated. The porphyry dykes are gold bearing, but not ore. The vein material is quartz and silicified and brecciated greywacke. Mineralization consists of native gold, pyrite, arsenopyrite, and some sphalerite."

Jan 1, 1954

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