Our First Half-Century: A Review of Queensland Progress Based Upon Official InformationQueensland
History
Our First Half-Century: A Review of Queensland Progress Based Upon Official Information
Queensland
Queensland -- History
In its thirty-six years of existence Charters Towers has turned out
over 5,800,000 ounces--more than L24,600,000 worth of gold; last
year's output was of the value of L700,000; and to-day the indications
in the deeper ground of the field are such that there is reason to
expect that both the term of its existence and the volume of its
output will be greatly extended. At Mount Morgan--the show mine of
Queensland, and one of the greatest in the world--there has been
quarried out of the hill and dug from the depths beneath stone that,
under treatment by works in every way worthy of such a mine, has, in
a little over twenty-two years, yielded gold to the value of over
L13,760,000; has paid in wages and other expenditure about L7,000,000;
and has given to the fortunate holders of its 1,000,000 shares some
L7,230,000 in dividends. That is what the big mine has done. What is
it doing now? True, the phenomenal yields of gold and the high grade
of its auriferous ores that characterised the earlier years of its
history showed signs of diminishing as time went on; but diminishing
yields were counterbalanced by improved methods of mining and
treatment, with consequent reduction of costs; and a few years since
copper as well as gold was found in the lower levels, with the result
that the mine has become at once the most productive copper and the
most productive gold mine of the State. It has already turned out
copper to the value of about L1,500,000, which has to be added to the
gold yield, given above, to arrive at its total product; while the
value of the mine's aggregate output for 1908 (over L1,017,000) was
greater, with perhaps one exception, than that of any previous year in
its history.
Though for some years gold was the only string to the bow of
Queensland's mining industry, that state of things has long since
changed. In the early sixties copper was mined in the State, but then
and for many years afterwards only to a limited extent. Tin came
on the scene in 1872. During the first forty years of Queensland's
existence the gold won within her borders was four times the worth
of all other minerals and coal produced; but so rapid has been the
increase during the past ten years in the production of the industrial
metals--or "other minerals," as they are officially termed, to
distinguish them from gold--that in 1907 their value exceeded that of
the gold yield by over L170,000. Indeed, during the five years ending
with that year there was an almost phenomenal expansion. The output
of 1902 was of the value of only L589,960. In the following year it
increased to L846,280, and then for four years jumped up by leaps and
bounds, until in 1907 the yield was worth no less than L2,153,226.
Public-domain text, read in full here on John Shaqi.
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