THE MINING COLLAPSE IN LONDON.
Syonby, October 12. The Herald, discuiMng the fa'l in mining stocks in London, Fays that since the end of P»94 tho compnnies roßi-tered in Lobdon for conducting operations iv Western Australia have possessed an aggngato cßpital of fully 24 millions. Even if only one-fifth of this amount wore subscribed, it is out of all propoitiou to tbo reasonable expectation of payable returns. Since the discovery of gold in the colony the total output is only valued at £2,9.10,010, so that such an immense expenditure of capital is quite unjustified by results. [Advt.]
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Bibliographic details
Otago Witness, Issue 2173, 17 October 1895, Page 19
Word Count
97THE MINING COLLAPSE IN LONDON. Otago Witness, Issue 2173, 17 October 1895, Page 19
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