19 JANUARY 1974, Page 4

Zinc-edged investment

Sir: In his otherwise fair and balaneede piece on the Irish mining scen (December 22) Richard Hall relies rather too heavily on such phrases nas : seizure," nationalisation ',a-d d expropriation.' It should be pointet out that Irish laws on minerals ves„ ownership entirely with the state that the process of granting a lease i Tara's directors for the huge zinc Mre: at Navan is really one of dellas tionalisation.' Also when one consi . dere that Tara have arranged to sell the to foreign smelters rather than ihitd ing plans for much-needed zinc relate, industries, we can be forgiven fn.; considering it to be denationalisatin',: with little or no compensation to ti; Irish taxpayers who have received en Jt a derisory return from the Prea,en producing large mines in the count'Jii P Hon, Secretary, Irish Resources Ca rccesA; tection Campaign, 113 St Stepheri Grove, Dublin 2