Thus we see that the bulk of the cost of production actually remained in the Transvaal.
7 .-- _What the "Vultures" brought._ Before Dr.Kuyper's "vultures" came to despoil it, the Transvaal was in a very shaky condition.

It was heavily in debt and the Exchequer was empty; the Boer having always had a horror of paying his taxes.

In 1884 when Messrs.

Krueger and Smits came to London to sign the famous Convention, and stayed at the Albemarle Hotel, they found themselves, after the first few weeks unable to pay their bill, and Baron Grant had to come to their assistance.

Now the "vultures" have been pouring some millions annually into the coffers of the Transvaal; a certain proportion of which has stuck to the fingers of Mr.Krueger, his family and intimates.