MILLIONS MADE IN DIAMONDS.

Taranaki Daily News, Volume XLVIII, Issue 81916, 18 January 1907, Page 4

MILLIONS MADE IN DIAMONDS.

TiIECIOUS STONUS TO OUTLAST THE CHNTUUY. Kimbcrley, November 39. Colonel Harris, presiding at the annual meeting of the Do Beers Consolidated Mines this morning, said that Ihe demand for diamonds,' which had been strong for the last .seven years, was increasing and washing operations had been extended in order to cope with it. The year's diamonds had realised C,i,fi07,717, an increase of CSO4S73. Li spite of the larger output the average price was higher. The net profit had amounted to C2.10:),53f1, an increase of .C 238,201, and .CI.SOO 000 had been distributed in dividends..' Referring to statements representing the J)e IJ'ers and kimberlov mines as nearly worked om. Colonel' Harris dee a red that they had actually in sight ground to a total ot over sixtyfour million loads, eiiougf? to last, at the present vale of production,'for eleven yilrs. and lvpre-enting an estimated output of .sixty four millions worth of diamonds. He had no hesitation in saying that Dc Beers would be producing diamonds on a scale at tee end of the century.

Colony Harris v-jpoke strongly on the income tax decision, under Which mines were assessed ns tlumirh thev were situated in England, 'i'bev desired to continue the Loudon office for they wished to slrcnal.hen Uncommercial connection between the Cape and the l/siUed Kingdom, but it was too expensive a luxury to prolong its existence at a cost'of .tlllO.OU'l per annum in additional taxation.