Sentence Examples with the word amortization

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.

Taking into account the risk attending all mining operations, which make necessary large interest and amortization charges on the cost of a tunnel, it will in most cases be advisable to raise the water to the surface by mechanical means.

The amortization is to proceed by purchase when the unified bonds are below par, and when at or above par, by drawings.

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The national expenditures are chiefly for the interest and amortization charges on the public debt, official salaries, military expenses in connexion with the army and navy, public works (including railway construction, port improvements, water and sewage works), the administration of the state railways, telegraph lines and post office, church subsidies, public instruction and foreign representation.