RAND’S RECORD YEAR
“ZENITH” NOT Y r ET REACHED CAPETOWN, March 3. . Mr. F. W. Beyers, K.C., the Minister of Mines, speaking in thir Assembly to-day, said that 1926 was the best year the gold mines had ever had, and that the industry had not yet reached its zenith. He was glad to say that the present Government mining engineer took a far more favorable view of the future of the Witwatersrand than that suggested by' Sir Robert Kotze in his report on the subject. The Government, he continued, were anxious to establish the iron and steel industry while the gold mine 3 were stil going at full They were so convinced that it -was essential for the future of the country that they would _see it through, even though, contrary to expectation, private investors refused to participate. The Minister insisted that the new industry would be run on purely business lines. The provisions regarding Government control were intended purely as a safeguard.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19270418.2.94
Bibliographic details
Poverty Bay Herald, Volume LIII, Issue 16317, 18 April 1927, Page 7
Word Count
163RAND’S RECORD YEAR Poverty Bay Herald, Volume LIII, Issue 16317, 18 April 1927, Page 7
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in