Gold, Sport, and Coffee Planting in Mysore: With chapters on coffee planting in Coorg, the Mysore representative assembly, the Indian congress, caste and the Indian silver question, being the 38 years' experiences of a Mysore planterElliot, Robert H. (Robert Henry)
History
Gold, Sport, and Coffee Planting in Mysore: With chapters on coffee planting in Coorg, the Mysore representative assembly, the Indian congress, caste and the Indian silver question, being the 38 years' experiences of a Mysore planter
Elliot, Robert H. (Robert Henry)
Caste -- India; Coffee; Karnataka (India) -- Description and travel; Karnataka (India) -- Politics and government
The reader will see by a glance at the map that the auriferous tracts of
Mysore (to which I shall presently more particularly allude) are of great
extent, and, judging from the report of the geological surveyor employed
by the Government, and especially from the existence of numerous old
native workings, there is no reason why prizes even greater than the best
of those already obtained should not exist. Now one of the greatest
obstacles in the way of rapid progress lies in the fact that before mining
can be got fairly under weigh much preliminary work has to be done, and
the shareholders have therefore a long time to wait before any paying
return can be obtained. But if the preliminary work, such as the providing
of water, the collection of building materials, and the making of roads,
etc., were carried out before a company was formed, mining could be begun
at once, and results rapidly arrived at, and the frittering away of money,
both in England and India, that at present necessarily occurs, would be
averted. Now the country has already been largely explored, and the
Government is therefore in a position to know the places where favourable
results will probably be obtained, and as the State, besides the other
advantages I have previously pointed out, gets a royalty on the gold, it
has a natural interest in doing its utmost to select the most favourable
sites for new mining operations. Such sites then should, with the aid of
experienced mining advisers, be selected by the Government, which itself
should execute the preliminary works previously specified, and then
advertise the blocks, so selected and prepared, for sale in the London
market. For such prepared blocks purchasers could readily be found, and if
the price they paid merely covered the bare cost of the preliminary works,
the expenditure of capital that would thus be stimulated, with all its
consequent direct and indirect advantages to the province, would amply
repay the Government for its trouble and outlay.
But the State may give yet another stimulus to mining, which, I feel sure,
would prove of great advantage to the State. The present royalty is five
per cent. on the value of the gold produced, and from this source the
Government last year received 5 lakhs and 18,000 rupees. Now the
prosperous companies which are paying good dividends do not feel this to
be a very serious burden, but it is a serious burden--every shilling of
expenditure indeed is--to a company which has not begun to pay dividends,
and I would suggest that, till a company is able to pay dividends,
one-half of the royalty, or, better still, the whole of it, might be
remitted. This sum would by no means be lost to the State, for does not
the milk that is left in the cow go to the calf?
Public-domain text, read in full here on John Shaqi.
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