COMMERCIAL CONTROL OF TIN MINES
British capital is the dominant controlling factor of approximately 57 per cent. of the world’s tin output, and through affiliations with capital of other countries it has a partial control of about 15 per cent. more. British capital is dominant in all of the British possessions and Siam, and through buying agencies practically controls the export tin from China. Bolivian tin mines are the only ones in the world in which British control is not strongly felt. The largest part of the Bolivian output is under the financial control of Chilean financiers, with local capital the next strongest factor. French and German money has been invested to a limited extent in Bolivian mines.
Recently the firm of Guggenheim Brothers, of New York, connected with the American tin-smelting industry, has acquired certain tin mines in Bolivia.