With respect I have to differ on the subject of Cost Book companies.
There is a distinction between a Cost Book Company as a legal entity and a
company outside of the south west, formed by act of parliament, royal
charter, or under the later 1844, 1855 and 1856 legislation that was being
run on the cost book accounting principal which was common up until late in
the 19th century.
Again, I refer to the Mining Journal of which the following is typical of
board room arguments that would develop on this subject:
Director A: “Sir, the mine has machinery worth £25,000, if this is added to
the balance sheet then the mine has made a profit and a dividend should be
declared”
Director B: “No Sir, the Cost Book shows a deficit therefore the mine has
not made a profit”
I would be happy to forward graphic images of sections of the Mining Journal
relative to the above to interested parties.
Of course, ones definition of a 'cost book company' is somewhat arbitrary in
view of the above, however my own revolves around legality rather than
accounting principles.
Roy Fellows
-----Original Message-----
From: mining-history [mailto:[log in to unmask]] On Behalf Of
Mike Gill
Sent: 19 August 2008 11:40
To: [log in to unmask]
Subject: Thanks Re Flogging Captains
>Likewise mine measurement was in fathoms - a nautical measure. I have
>always assumed that this was due to a cross over of skills from the sea to
>mining.
As we say in Yorkshire - happen!
Mines in the Pennines (not known as a maritime area until the coming of the
Leeds-Liverpool Canal in the 1790s) were using fathoms long before any
Cornish influence.
Cost Book companies were neither restricted to mining nor the South-West.
Regards,
Mike Gill
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