CHAPTER X

COMPANY FORMATION AND OPERATIONS

Mining becoming a scientific business--Initial mistakes in public companies--Self-styled mining experts--How articles of association are compiled--How directors and officials are chosen--The usual consequences--Remedies--State inspectors--Certificates for mine managers--Directors-- Specialists in various branches advisable--Qualifications of mine managers--Economic advantages of co-operation--Joint central extraction works--Folly of adopting untried new processes without full knowledge--Pertinent quotation--Warning to directors--Robbing mills--How prevented--Conclusion pp. 113-126