Political and commercial geology and the world's mineral resources
Science
Political and commercial geology and the world's mineral resources
Geology, Economic; Mines and mineral resources
_France_ has a modified form of ownership of coal resources: this was
vested formerly in the Crown and now in the Republic. The government
gives concessions for mining the mineral and charges a royalty. The
mineral is not considered to be owned by the surface owner or by
the original surface owner, as is the case in all other important
countries. The concessions granted are liberal and for large areas.
The royalty or rental is small and is now paid on the basis of so much
per superficial unit of area (hectare) in the concession, but the
chief returns received by the public are through a percentage of the
net earnings, that is, earnings available for dividends. Under the
conditions prevailing in France the system seems eminently fair, and
the undertakings have been profitable both to the operators and to the
country. The books of the company are open to inspection by government
officials, and the annual reports are published in detail. The system
virtually makes the government a partner in the business.
In _Great Britain_ most of the coal ownership is vested in entailed
estates, and the royalties are a shilling a ton and upwards.
Both private and government ownership exist in the _United States_.
Throughout the greater part of the country the large operating
companies own the coal rights, although in the anthracite district of
Pennsylvania the fortunate owners of the surface, or their assigns,
receive large royalties, 25 to 50 cents a ton. In the Middle West most
of the operators have bought the coal rights from the surface owners.
When leased, the royalty is relatively small, 2 to 6¹⁄₄ cents a ton.
Operators in the Rocky Mountains generally own the coal they mine.
The government has sold the coal rights, but the state school lands
of Colorado and Wyoming have generally been leased at royalties of
about 10 cents a ton. In Oklahoma the Five Civilized Tribes have until
recently, under government control, leased their lands and coal rights
at about 10 cents per ton, but these rights are now being sold.
In the State of Washington a considerable amount of the bituminous coal
district now opened is owned by the Northern Pacific Railway, which
secured these lands as grants when the railroad was constructed. The
royalty is about 15 to 25 cents a ton.
Public-domain text, read in full here on John Shaqi.
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