MONEY MAKING.

Nelson Evening Mail, Volume XLV, Issue XLV, 12 August 1910, Page 3

MONEY MAKING.

(By Telegraph.) (From Our Parliamentary Reporter.) WELLINGTON, This Day. •'\e\er in its history were its pros, •""ects more promising thai they are at on-sent," ' says, the Hon. 11. McKenzic, .11 hi. annua! mines report. He goes ju to sav that it is essential that gene-NY-II AT MINING HAS HONK, rous assistance and fostering care should be given in developing our .nir.i'ial resources. This industry, he idd . since ]>o3 contributed npproxi-. mutely £ 1 US.Oon.Poo ;,, ,-,i:r nat ior.al •veal;h. and no better inve.-iuicnt is open to the people of this l>mu:i:ioii ;iiat granting reasonable a .-s!s;:i :iec in .-■xteiiiling- pios[ieeting tracks into the wood c 1.-id. pruct iea ]1 v iinpenet rabl.ranges and gorges, in which a la rue oi'opi>i<t ion of our mineral resources is located. 1-ivcrv eneouragenien t hould also be granteil to the prospector ard ihe pioneer miner in their ar.'nous and strenuous efforts in discovering and developing new mining vent ut res. I anticipate substantial progress iu developing our mineral resources dur;:g tiie j>re.sent year, and can a sure 'ion members that we can look forward with confidence to the future expansion and prosperity of the mining industry. Continuing, the Mini.ter says that in view of the scientific improvement* in thv most modern mc•hods of generating and t ran sin i t ling electrical energy, an ,l the ,ioss. hi lit ies of the numerous w.-ifr i-owers available i u the Dominion, increased energv in the development of our mineral assets in.iv be s'lt'ely anticipated. Several mines h:ive already installed, or are installing, electrical -naehinerv to traction, lighting, jiump'.ng, and other pnrpo es, and as soon :s some of our easiest exploited water >.-.wer.s are utilised, considerable expansion in electrical energv for mining purpose W ii| certainly follow, and mineral areas which are at pregent isele s, will become valu-ible. Our pre.-ent legislation, adds the Minister. practically prevents advances being made bv the State Guaranteed Advances Board for the deve'opmpnt of mining enterprises. Several apjdieations for advances were received during the vear; hut had to he reluctantly refused owin.r to the legal objection: referrr.il to. Thai there are mativ cxnellent minin<r ventures worthy of Htate financral as " sistniico. i s lnvariabiv admitted. I propose to submit legislation this ; " K "" 1 to remove the '-xistitjo- le» a [ ob truction. " °