Sentence Examples

  • To provide for the repayment from earnings of the capital invested in a mining property and expended in development, and to provide for the depreciation in value of the plant and equipment, an amortization fund must be accumulated during the life of the mine; or, if it be desired to continue the business of mining elsewhere, a similar fund must be created for the purchase, development and equipment of a new property to take the place of the original deposit when that shall be exhausted.
  • Ten years later, when the currency had fallen to 51 pence per milreis, the government found itself unable to meet the interest obligations on its debt and railway guarantees, and an arrangement was made with its creditors in London for the issue of a 5% funding loan to an amount not to exceed £10,000,000, and the suspension of all amortization for thirteen years.
  • To cover the special risks of mining, capital should earn a higher interest than in ordinary business, and if we assume that the sinking-fund be safely invested, we must compute the amortization on a lower basis than 5%.
  • The amortization is to proceed by purchase when the unified bonds are below par, and when at or above par, by drawings.
  • It was provided that amortization, at £10,000 yearly, should begin in 1917.