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
=Great Britain.=--The United Kingdom has produced from 10 to 14 per
cent. of the iron and steel of the world annually for the past 10
years or more, and apparently has consumed in normal times about
50 per cent. of the product and exported 50 per cent., mainly to
British possessions. During the war about 75 per cent. of the British
production was consumed at home and 25 per cent. was exported, largely
to France. Fifty per cent. of the iron and steel products manufactured
has been obtained from ores mined in Great Britain, and 50 per cent.
from imported ores. Thus, normally, the domestic yield of iron ore
just about equals the domestic demand for iron, whereas during the war
the domestic demand for iron was greater than the domestic supply of
ore. Great Britain depends upon outside sources for one-third of her
iron-ore supply and this constitutes the source of about one-half of
the iron products.
The iron industry in Great Britain before the war was loosely
controlled by merchants who acted as intermediaries between producer
and consumer, an arrangement that did not work to the advantage of
the consumer.[49] British manufacturers had little interest abroad
and were themselves insufficiently organized to operate successfully.
If the sources of foreign iron ore were cut off, the situation might
become critical and exceedingly embarrassing until the domestic mining
industry could be expanded. To meet this condition the British Board
of Trade Committee advised a consolidation of iron interests by the
formation of a syndicate for the purchase and distribution of iron
ores and particularly for the acquiring of interests abroad. This
syndicate would establish sales agencies and arrange for transportation
and trade, similar to the organization of W. H. Müller & Co., of The
Hague. The committee recommended that these operations be backed by the
government and that all the resources of the British Empire be under
the control of the government, especially in regard to the granting of
concessions to aliens and the imposing of restrictions to favor home
producers. It has recently been reported that the iron interests have
organized along the lines indicated.
[49] British Board of Trade, “Reports on Iron and Steel,” London.
=France.=--The annual consumption of iron ore in France for the
manufacture of pig iron and crude iron and steel products amounts to
about 12 million tons under normal conditions. The productive capacity
of the iron mines of France is more than 21 million, leaving a surplus
of 9 million tons of ore annually available for export. More than 90
per cent. of the iron ore produced in France is obtained from the
Lorraine iron mines.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account