‘… market valuations have been advanced to a preposterous level … – the utterly rotten, the indifferent, and the problematical shares … rising often more vigorously than the solid dividend-payers – it becomes evident that, however solid the Rand industry may be, much of the superstructure being raised upon it must come to grief.’
(The Economist, 12 October 1895)
…
‘I may say that we are by no means ill disposed towards Kruger. We wish he could establish an honest executive, and then try [to] secure the observance of the provisions of the drink laws: but we don’t think that the principle of taxing declared nett profits of mining Cos unfair, or that we are working under a crushing tyranny.’
(LORD HARRIS, acting chairman of Consolidated Goldfields, 20 November 1898)
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