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Sec. III, Ch. 3: Author's Connection with the Ruby Mines of Burma

Sec. III, Ch. 3: Author's Connection with the Ruby Mines of Burma Page of 366 Sec. III, Ch. 3: Author's Connection with the Ruby Mines of Burma Text size:minus plus Restore normal size   Mail page  Print this page
The Ruby Mines of Burma.
177
opinion veered round in our favour, and The Times of August 17th, 1887, and most other papers, published articles upon the unfair treatment which we had received from the English Government, whilst speeches favourable to our interests were delivered in the House of Commons. The lease from the Government was signed on February 22, 1889; and shortly afterwards "The Burma Ruby Mines, Limited,"—a Company to which the lease had, by permission, been assigned,—was brought out by Messrs. Ν. Μ. Rothschild and Sons. For an account of the issue, the reader may be referred to The Times, of 27 February, 1889.
With the formation of this Company, the manage­ment of affairs passed out of my hands, and my direct connection with the Ruby Mines of Burma ceased. I am consequently in no way responsible for the disappointing results which have hitherto attended the Company's operations. At the same time I do not hesitate to reiterate my belief that the Burma Ruby Mines, if skil­fully directed and well managed, will yet be a highly remunerative enterprise. But in order to secure success it is of first importance that the management should be in the hands of those who have had experience in the special manipulation and cutting of gem-stones. Not only should the Company prosecute its own mining operations with vigour, but it should have at the mines and also in Mandalay, experts empowered to purchase rough stones from the native miners and dealers ; and I feel assured that if these were purchased with discretion, and judiciously cut in this country, a new and important source of profit would be opened up, sufficient to place the Company at once on a firm dividend-paying basis.
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Sec. III, Ch. 3: Author's Connection with the Ruby Mines of Burma Page of 366 Sec. III, Ch. 3: Author's Connection with the Ruby Mines of Burma
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