“Now as to the country in which our interests are centred, judging by the information that I have received from all available quarters, I have no hesitation in stating that we are interested in one of the most important virgin alluvial tin fields the world has ever seen, and certainly the most important that capitalists have had an opportunity of working as a new field. In Tasmania, Australia, and other countries which have produced large quantities of alluvial tin, the prospectors have gone in by hundreds, and even thousands, and have washed out large quantities of tin greatly to their own individual benefit. Subsequently the ground has been worked over and over again, and in recent years again re-worked by means of modern appliances. I may say here, that in Cornwall some of the ground must have been worked eight or ten times, and big plants are now being erected for the purpose of working it again by modern methods. It will be obvious to every one that with a practically untouched field, and working in the most economical and thorough way from the start, the results cannot fail to be extremely satisfactory. “Undoubtedly one of the factors which has delayed the opening up of the tin fields of Nigeria has been the question of economical transport. But the Nigeria tin is of very high quality. It fetches, as a rule, anywhere from £6 to £8 more a ton than Cornish tin, and in this connection I should like to read an extract from a letter which was written to me by the managing director of the largest tin smelting works in Europe, to whom I sent a sample of the tin oxide as it was received here, and of which, in acknowledging it, he says, ‘It is about 75 per cent. metallic tin, of excellent quality, equal to anything being put on the market, so far as my observation goes.’ I am very closely connected with Cornish mining, and there we get Bolivian, Straits, and all kinds of tin, and it is the general opinion that Nigerian tin is one of the very best tins imported into Europe, and will always command a price equal to, if not better than, that of the Straits. Even under existing conditions alluvial tin mining in Nigeria is a highly profitable business, but when the present railway system is completed, and the road made from the Government line to the tin field, the freight should be reduced by many pounds per ton, and the profit largely increased. The completion of the road would enable heavy machinery to be brought to the mines, when larger quantities of the rich alluvial ground would be handled in an economical way, and the work done at a cost much below what is possible under existing conditions. The lodes, too, of which there is undoubted evidence, could be worked. Meanwhile some machinery can be transported in sections, and the output of tin should be rapidly increased and the costs greatly reduced.” Mr. Assheton Lever, in summing up the situation generally in Northern Nigeria to a meeting of shareholders, said: