It appeared to him, however, that the government intended to appropriate some of their profits, although it had given no facilities for the preparatory works on the mines, during which it should be remembered that their capital had been burdened by exceptionally heavy indirect taxation.

The moment that capital began to be productive, it was to be taxed." (_Blue Book_, No.
9345, p.

48.) In four-and-twenty hours, Mr.Krueger had unexpectedly managed to pass a law levying a new tax of 2-1/2 per cent.

of the gross production from mynpachts (mining leases), and 5 per cent.

from the gross production of other mines.