MINING NEWS.

Press, Volume LII, Issue 9281, 5 December 1895, Page 5

MINING NEWS.

(PRESS ASSOCIATION TELEGRAMS.) AUCKLAND, December 4. Mr F. A. White, who has been on a visit to London, returned to Auckland in the Mariposa to-day. He states that the Maori Dream Company has bseu floated in Loudon aud he expects a cable_r_m conn'rmiog the sale in a day or two. With regard to the sale of the Moanatiii mine, Mr White says the Auckland shareholders receive no cash. They receive 50.000 shares paid up to £1 and £25,000 capital to work and develop the mine. If more capital is required the KnglUh syndicate will i«sue 50,000 of reserved shares. Mr White says New Zealand mine 3 are talked about in London, but tbe African mines have a great bearing on the market, aud to ru«h too mauy of our mines on the Loudon market will bo a great mistake. DUNKDItf, Decembers

The Consolidated Gold Mining Company at Blue Spur washed down on Saturday after a three mouths' run, the return amouutin_to 4260z of gold, equal in value to -51633. Since 1892 the Company's indebtedness of £18,000 to the Colonial Bank has been paid ori out of the proceeds of the gold obtained from the iniue. The return from the Roxburgh Amalgamated Sluicing Company for the month is 27607. 17dwt 15gr, valued at £1064. A dividend of 6d per share has been declared.