The necessity for good management and economic working in our mines and ore-dressing sheds is impressed upon us by the present low prices of all our metals. Silver, lead, copper, and tin have all suffered a heavy decline during the last six or twelve months, and many mines have been shut down simply on account of the low market value of the ore produced. After fully considering the position of the mining industry. I am convinced that considerable improvements will have to be made to make it as prosperous as it ought to be. The most obvious of these improvements are good management, good machinery, and as little interference by directors as possible. If these conditions are insisted upon and carried out efficielltly a poor mine may have a chance to weather the storm.There is no doubt that the present depression is the refilult of over-speculation and general loss of confidence by which the whole commercial system has been affected, and every branch has suffered more or less, mining not excepted. It has suffered heavy losses in the past, and the future is not over bright we are, therefore, compelled to be careful in everything by which mining is affected and savings can be secured.