Wednesday, August 1, 1866

Cape And Natal News

Location: London, Middlesex

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Text Content of Page 1 of Cape And Natal News on Wednesday, August 1, 1866

Cape And Natal News (Newspaper) - August 1, 1866, London, Middlesex THE CAPE AND NATAL NEWS Sfacott of of tfie ftoutlj African PUBLISHED FORTNIGHTLY ON THE ARRIVAL OF THE In connection with the ENGLISH a Fortnightly Summary for the Outward Mails of the 9th and EXPOHT SUPPLEMKNT 6d Copper Mining at the Cape G overnment and Politics Law Intelligence Banks and Public Companies Admiralty Survey of the Cape Coast Free State Western Province Eastern Province 225 226 226 22 228 228 229 229 Natal Helena The aud Lending Governor Bissets Speech Monetary and Commercial Colonial 286 LATEST IN From Jane 13 8 Natal 2 Delivered in London July FBOM At Capetown AlgoaBay May 10 Arrived in Table Bay June COPPER MINING AT THE We have lately been examining some of the copper ore circu for the purpose of ascertaining the comparative yield of the ores from the mines in different parts of the We were not a little surprised and gratified at the high position which the Cape ore takes in the English We give our readers the results obtained from one not selected because it contains an average unusually good for the but because there is a larger number of mines represented in it than in some The Cape Copper Mining Company is at the top of the list as to price the Buffalo River mines stand next the second quality of the Copper Mining Company third and the though lower than stands well when compared with the yield of the majority of mines reported The total value of the ore reported as purchased at the days sale we were examining And of this amount over was JsuppUed by the Cape Taking into that over of the was for which is next door to precopp the proportion to be put to the account of Cape enterprise is very If we the price fetched by the Cape ore as compared with of the following results are of Cape ore purchased was 250 and its market price was Its average value was therefore per If now we put together the yield of all the other mines in the itamouats to 3 and the price it fetched to which gives an average of about per The Cape ore has therefore an average value of more than per ton over the yield of the other If we analyse this average as far as the Cape is we find that the best ore of the Cape Mining Com pany fetched a price considerably in advance of any other The second best A small quantity from the Buffalo River mines was bought at and a large exportation from Concordia fetched over Twenty simply quoted as African ore obtained the respectable price of These results are both startling and and we greatly wonder that more attention is not given to so promising an industry by the speculative public both at home and in the W hen these mines were first discovered the colonists erred in their excess of zeal and rushed pellmell into the wildest and the result was that many burnt their This first rebuff as it made them too indifferent to the substantial results which are now It is plainly shown that in no part of the world can richer ore be The metal yielding power of South Africa is not now a dream of a few enthusiasts it has been established in the most by price lists and by comparison with the products of other The Argus is that the profit of the enterprise should go out of the It argues that there is capital enough in the Cape to enter upon the working of the nues with far greater zeal than It cannot see why all the direct ad vantages of South African enterprise should be enjoyed by companies got up in Our contemporary taunts the wealthy colonists with investing their capital in the purchase of brokendown while if they would devote a fair share of it to developing the products of the a better state of things would No doubt the indirect benefits from increased activity in Namaqualand would soon be felt by Capetown Already the mining interest has been a good and if it were greatly would take no mean part in that revival of trade which will yet become strikingly apparent before even the present year has come to a GOVERNMENT AND In our last number we gave an extract from a letter ad dressed to the President of the Orange Free State by Sir PHilip in which he urges that the Free should exer cise its newly acquired authority over Molappo to make him pay his share of the compensation levied upon Moshesh f6r the recent raid into The Free State papers comment on tone assumed by Sir as dictatorial and offensive and as there is a prospect of mischief we subjoin a further letter frpm Sir which has at least the merit of defining the situation April His Honour the President of the Orange Free writingthe letter which I had lately the honour of ad dressing to you on the sitfbjiecit ofthe liability still resting on the Chief in connectionwith jnto I have been enabled to give a more careful consideration to the general scope and bearing of the conventions lately entered into the Free State with the likely to be produced by them on the possessions and on the native races in South Africa and 1 believe it to be in every way desirable for me to explain to without loss of the impression produced by them and to seek at the hands of your Govern ment friendly explanations of Us it may some modification of the scheme as now in the interests of general tran In taking this step Tmust beg you at the onset to accept1 an entire disclaimer of any intention on my part to intrude unsoughtfor advice on subjects pertaining wholly to the administration of the whose abso lute independence in such matters cannot be too plainly My observations must be addressed to the effect which the measures of its Government may be directly or to producebeyond its and in which the British colonies must be deeply looking to the geographical positions of the Free State and the British and to the close ties established between them by the it can scarcely be denied that a certain degree of support and countenance on our part is essential to the success of the foreign of the Free and that this Government cannot claim to be free from all responsibility for the consequences of that if tacitly and by implication assented to by It may be well to preface my remarks on the new arrangements with a brief reference to the position of affairs before the and to the circumstances which immediately led to In after a similar war between the parties a peace was concluded through the mediation of Sir George in which a distinct boundary line was described which if to be actually pointed out or by the authority the Governor of the When the Convention was signed the actual line of the border was in dispute only towards the and that was accordingly determined by Sir George The decision was and no complaints of encroachments on the part of the Basutos on that side of the as far as I am has since been But owing to the absence at that time of native disputes as to the western and northern borders of it was not then thought necessary that they should be marked and the conse quence was that the not long commenced and maintained a series of encroachments on the Free State which led to therequest for my intervention for the demarcation of what had been left undone by Sir George The decision was wholly in favour of the Free State before it had been carried into effect by the war was declared against The objects of the war were declared to be the punishment of them for pasts thefts and and the procuring of sufficient guarantee for future good latter being by far the most important Is it likely to be realised by the arrangements lately made At the time of the occurrence of the cattle and while the encroachments were in the Basutos were living in actively cultivating their fertile and certainly by some of the chiefs steadily discouraged from committing any acts of rob bery Instances of personal were extremely rare nevertheless the pressure which was brought to bear by mere force of bers on theborder farmers was sufficient to bring with a few ex the entire abandonment of their fine No resistance was