← Table of contents
The Argentine in the Twentieth Century

Note 27 — Chapter II

Bernard Miall translation

As for the probable profits of this line, the Minister makes the following statement: “In counting on a minimum traffic of 50 tons a day during nine months in the year—an amount based upon the present yield of the mines—and deducting 50 per cent. of the gross receipts for working expenses—which is a maximum—we find that to obtain 6 per cent, interest on the capital employed, it would be sufficient to receive 3·36 paper piastres, or 7·6 francs (6 shillings ·96 pence) per ton of ore, whereas the mining companies with the present resources pay 20 piastres.”

Explore with AITake your curiosity a little further.

Reading settings