:. Wholesale firms, pools and trusts of world wide repute super- 
seding the private party with whose power and strength the 
former mining-laws used to reckon almost exclusively, 
whereas, in regard to the above-mentioned great concerns 
the official authorities now are, if not powerless, at least 
frequently at a loss. 
2. The concealment of mineral discoveries and of deposit-stock, 
which used to be favoured by the former mining-laws is 
detrimental to the general wellfare and may not any longer 
be maintained in order to avoid the unjudicious working of 
mines and in the very interest of science. 
3. Overproduction and competition in prices lead to the form- 
ing of pools, monopolistic combinations restricted to one 
class of products, or of horizontal trusts which rule the pro- 
duction, the system of sale, the prices and the prime improve- 
ment of mineral products of the same kind. The mining- 
laws, as a rule, are lacking in any formal regulation of the 
above-mentioned points. 
4. The wish for liberation from the check imposed by the pur- 
veyor of raw material or the compulsion towards an inde- 
pendent further working lead to the „integrated works”, to 
great fusions, to vertical trusts, in regard to which the mining- 
laws are still more powerless. 
Owing to the increase of the transmarine relations, the in- 
terests of foreign consumers and capital, international, even 
diplomatic frictions, arise, a settling of which, in regard to 
the tariff-policy, by way of commercial treaties is growing 
ever more difficult, at least more complicated. 
These immediate results experienced every-where will, however 
soon be followed by others which we must try to expose if, in 
good time we want to recognize and prepare suitable means of 
prevention. Such future results of neglected opportunities in the 
deposit-policy will be or may be: 
1. The going over of home deposits into the hands of concerns 
which cannot be controlled by the government or national 
syndicates. 
Br 
a