THE OMINECA MINER, SATURDAY, NOVEMBER 1, 1918

ere

| in the famous Bulkley Valley,
with its vast areas of - Splendid

in | wealth awaiting development.

“OPPORTUNITY

Opportunity for all is to be found.

Agricultural Land; its remarkable
‘Mineral Resources, ° great Coal
Measures, Timber, Waterpowers
and other potential sources of

a)

oar

>| If you ate interested in the

best new district in British
Columbia, subsctibe for’ The
Smithers Review, and keep posted
on the development of ©

‘| Smithers and the

Bulkley Valley

Our subscription rate is ‘Two

Dollars a year, in advance |

po,

U.S. and foreign, Three Dollars. |

The Smithers Review |

| = : Smithers, Bulkley Valley, BC. | . a

*| mined.

| PRICES OF GOAL LANDS

The two systems~of aequiting|
| [g. | coal already held are by purchase
“4 fe | Outright with or without surface

rights, and by royalty on tonnage
The latter is by far the
most favorable plan for the oper-

| ator to adopt, as he only pays for]

*1-[g what he gets, and when he gets| .
{§. | it; and he is relieved of the usual-
| tf | ly heavy amount of capital that

[ery has to be provided for outright

Purchase, Five cents per ton is

{§;| fair royalty, but we know of

- |one-coal company that pays 25
{fe | cents per ton royalty, if not mare, |”

*| Such high royalty ig not justified:
* |and the company’s operations are
{hot now, and not likely to be in
" {the future, a financial success so
| far as the area subject ‘to that
, | excessive royalty is concerned,
r|A royalty of 5 cents per ton is

equivalent to $50 per acre foot of

‘| coal mined under the room and

Pillar system. The upper Doug-
las seam on Vancouver Island,
for instance, averages about 7
feet, so that a royalty of 6 cents
‘pér'ton would represent an ulti.
mate value to the landowner. of
$350 an acre, admittedly a good
result to the landowner,

That would: not be the cash
value of the land however in a

| Purchase outright, ‘As pointed
[faut by G. H. Ashley, of the

United States Geological Survey,
the cash Price must be less than
the royalty valuation, becauge
the landowner is saved the cost

the purchaser of the land has to

,{ find the capital represented by an

outright purchase and to pay in-
terest and taxes on it from the
time of the purchase till the coal
is mined out; so that, by the time
he has mined the coal his invest.

; {ment has actually cost him from

50 per cent. to 300 per cent. on

»| the amount he actually ‘paid the

vendor in the first place, . Mr,

| Ashley illustrates his argument

by showing that an acre of coal

‘Hlarid, yielding in ‘ten years $500

in royalties, is worth today at
present rates of interest alone,
only $108 on an outright pur-
chase, apart from any further
reduction due to taxation, Then
the buyer is entitled to the bene-
fit of the doubt that the ultimate
tonnage realised may prove con-
‘siderably short of the estimate,
the experience so far of the Can-
adian Collieries, Lid., being a
ready instance of this. The

,, owner selling outright for cash

has further * the advantage that,

value is enhanced by the fact
that he can invest it and get an
immediate return for it, . Mr,

| Ashley concludes that coal

land is. therefore worth for out-
right purchase not more than a

jfifth to a half of its ultimate
‘| royalty. value,

On this basis
Vancouver Island coal lands, in
the instance we have quoted, are
hot worth more than $75 to $1765
per acre for outright purchase,
‘Whereas $200 to $500 per acre is
commonly asked for them.—-Ex.

Rubbers — all ‘kinds at Sar-
gent’s, —_

“A seam of coal contains 1,800

worked on room and pillar, only
about half this amount, dr 1000

y| tons at. the outside, are recover-

able... Under the best methods
of lohgwall : mining shout 1,500
tons &n aere-foot are recoverable:

much that in.some fields toom

and pilldr. will ‘become the ex-
ceptional stem,

of collection and inspection, while |.

Estey WILLS

PPUTTHENTOTHETEST SHOWN HERES >
TAND IT-BECAUSE THEY ARE MADE TOWFAR

oe

NOBODY BUYS OVERALLS To PLAY TRICKS WITH

THEM SUCH AS !S SHOWN IN THE PICTURE ABOVE,

INTHE EFFORT TO RIP A PAI

IN WHICH FOUR MEN EXERT
R OF PEABODYS' OVERALLS, If

BUT IF THEY WILL STAND THIS-THEY WONT RIP
UNDER THE HARDEST KIND OF LEGITIMATE WEAR,

“PEABODYS’ G

ED ALL THEIR STRENGTH

GUARANTEED OVERALLS.

R. Cunningham & Son, Ltd, Hazelton

of the owner of a home,

Everyone who owns a home is
anxious that that home shall make
the best appearance possible, Two-
things are necessary to produce satis~
factory results in painting and var-
nishing a homs;

First—A satisfactory color scheme.

Second—Paints, varnishes, stains
and enamels of such good quality that
they not only give the exact color
effect required, but are sufficiently
durable to keep up the attractive ap-
pearance of the house in spite of the
wear and tear of living in it,

These are offered by the Sharwit«
Williams Paints and Varnishes. The
Sherwin-Williams Co, not only make
every kind of paint and varnish used
for a house and the best quality of
that kind, but they make suggestions
for the selection of colors, varnishes,
stains and enamels, so that any given .
idea can be carried out, and car-
ried out with the best materials,

' You should see to it that when you
buy paints and varnishes {ur your
house, or any part of it, or when you
give an order to your painter for any
painting and varnishing you want
done, that Sherwin-Williams Paints
and Varnishes are purchased,

In large work it is always best to
- have a practical painter; but there . .
. are many little things about the house: .

that you can readily finish yourself
by using Sherwin-Williams ready-to-
apply paints. ;

Come in and have a little paint
talk with us. Now is the time to
“brighten up’? your home for the
long winter months. We can teil
you the best product to use for. any
purpose you may have in mind and
secure complete finishing specifica.
tions for you from ‘The Sherwin-
Williams Co., if you desire them, for.
special work. Our lne of Sherwin-
Williams Products is complete and
we are in a position to take the best

care of your paint and varnish re»

quireinents, :

when he gets his cash, its present

tons _per‘acre foot, but, where]

and-longwall ia increasing so| -

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