[Illustration: WASHING PLANT OF DE BEERS DIAMOND MINES AT KIMBERLEY
But another phase of the same subject is revealed in the extent of the contribution which the Transvaal should be called to bear compared with that of the other South African Colonies. In the thoughts of some, tinctured still perhaps with a touch of the recent bitterness of the war, the Transvaal should bear the heaviest share; but it is to be observed that this is not the opinion of the responsible heads of the mining industry, who, while admitting the justness of assuming their proper proportion of the proposed burdens, appropriately point out that both the Orange River Colony and the Cape Colony (for a part of the latter's population) were fellow-sharers in the beginnings and the conduct of the war, and should bear a due portion of the resultant financial burdens, while Natal, it is contended, cannot fairly be allowed to escape contribution to the extent at least of the valuable Transvaal territory which has been allotted to her. Pending formal announcements of the Government's intentions--and it is to be observed a contribution from the Orange River Colony is contemplated in Sir David Barbour's report--many huge lump sums have been mentioned, which it is proposed to levy on the Transvaal alone. Such reports naturally have not only alarmed the mining industry, but disturbed the confidence of international capitalists, upon whom the future development of the wealth of the goldfields in the first place rests. The extent of the alarm which is felt is shown by the Johannesburg Chamber of Mines as a body pleading in their recent communication to Lord Milner for a "reasonable sum" to be fixed, and by the rough estimates of this sum propounded by others, as, for instance, Mr. Freeman Cohen, chairman of the Potchefstroom Exploration and Gold Mining Company, who indicates £30,000,000 as the specific figure, while Mr. Bleloch adventures the sum of £35,000,000. This last gentleman's summing up of the situation is that the mines can pay, and are willing and forward to pay, provided the incidence at the first be made light, and that the burden of the £55,000,000 estimate of the Government's financial expert be shared by the other Colonies in the proportion, say, of £5,000,000 from each, to lessen the burden on the mining industry as much as possible, especially the low-grade section, and also as a matter of equity, and he advocates in addition--to augment the disposable revenue--the levy of a 5 per cent. tax on the profits of other industries (banks, &c.), the creation of death dues and of a land tax; also the beneficial reservation to the Government of portions of each new mining field to be opened.