Image TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage Tile
Image size: 6656x7680 Scale: 35% - PanoJS3
Page overview thumbnail

Article text

BRITISH CAPITAL FOR
VICTORIA.
A Sydney contemporary remarks :
— From private advices we learn
that, in an unostentatious way, a
large amount of British capital is
bSing invested in Victorian mines.
For a long time past representatives
of British syndicates have been en
deavoring to arrange for the pur
chase straight out of some of the
more important Bendigo mines, but
while the majority in number of
the shareholders are quite agreeable
to take a big profit on the spot, the
majority in value prefer to waft for
higher profits if prospective. This
means that Fortunatus Lansell,
who always holds the ruling power
in mines with which he is con
nected, strenuously opposes the
selling projects. The Britishers,
although baulked in this way,
are not altogether beaten, as
they are now buying up shares in
the ordinary way, and, considering
all tilings, getting them cheaply.
In Gippsland, too, the British
capitalists are making large pur
chases. When the railway was
extended from Melbourne out
towards Croajingolong, it was said
that a new province would be added
to Victoria. But as a grazing and
farming area the new province
has not been a conspicuous success,
and it would now seem that to
mining, which was hardly thought
of 20 years ago, the eastern province
is to be indebted for anything like
marked progress.
$