File:South Africa and the Transvaal war (1900) (14781009092).jpg

Identifier: southafricatrans08cres (find matches)
Title: South Africa and the Transvaal war
Year: 1900 (1900s)
Authors: Creswicke, Louis
Subjects: South African War, 1899-1902 Transvaal (South Africa) -- History
Publisher: Edinburgh : T. C. & E. C. Jack
Contributing Library: University of California Libraries
Digitizing Sponsor: MSN

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efore highly probable that the Government, who have adoptedth^ir financial experts views almost in toto with regard to fiscalreform, will do the same with regard to the levy of the warcontribution. But another phase of the same subject is revealed in the extentof the contribution which the Transvaal should be called to bearcompared with that of the other South African Colonies. In thethoughts of some, tinctured still perhaps with a touch of the recentbitterness of the war, the Transvaal should bear the heaviest share ;but it is to be observed that this is not the opinion of the responsibleheads of the mining industry, who, while admitting the justness ofassuming their proper proportion of the proposed burdens, appropri-ately point out that both the Orange River Colony and the CapeColony (for a part of the latters population) were fellow-sharers inthe beginnings and the conduct of the war, and should bear a dueportion of the resultant financial burdens, while Natal, it is contended, 88
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The Future of the Mining Industry cannot fairly be allowed to escape contribution to the extent at leastof the valuable Transvaal territory which has been allotted to her.Pending formal announcements of the Governments intentions—and it is to be observed a contribution from the Orange River Colonyis contemplated in Sir David Barbours report—many huge lumpsums have been mentioned, which it is proposed to levy on theTransvaal alone. Such reports naturally have not only alarmedthe mining industry, but disturbed the confidence of internationalcapitalists, upon whom the future development of the wealth of thegoldfields in the first place rests. The extent of the alarm which isfelt is shown by the Johannesburg Chamber of Mines as a bodypleading in their recent communication to Lord Milner for a reason-able sum to be fixed, and by the rough estimates of this sum pro-pounded by others, as, for instance, Mr. Freeman Cohen, chairmanof the Potchefstroom Exploration and Gold Mining Company, w

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