MINING.

Auckland Star, Volume XXII, Issue 308, 30 December 1891, Page 7

MINING.

A meeting of shareholders in the Secreb G-.M. Company was held at the office of iJr Young on December 22nd, Dr. Saimders in the chair. The secretary stated bbafc the present liabilities were £45 19s 3d, and that the sixth call of ono penny per share, £45, would leave the mine free of debt. The mine was at> present idle, but if something was nob done in the ensuing year the mine might be confiscated. Iα answer to a question, he said the directors held 4,600 paid-up shares. The annual meeting of the New Manukau Gold mining Company, was to have transpired on December 23rd, but fell through for want of a quorum. The directors in their report regret that nothing of a payable nature has been found in No. 4 level. Attention has been turned to No. 3 level, where they hope soon to strike something satisfactory to the. shareholders, the indications being good. The balance-s-hoefc shows the assete to be £115 6s bd, and the liabilities £278 17s 80. The anuual meeting of shareholders in the Cambria G. M. Co. was held on Dec. 23. The balance-sheet showed the receipts for the year to have been £6,368 18?, of which £3,733 14s Id wns from gold. The expenditure left a balance of £68. To that may be added f :'62O received since (he report was made up. A lengthy report was read from the mine manager giving details of the work done during the year. The report) and balance-sheet were adopted, and Messr3 W. S. Wilson and J. Dick6y were reelected directors. Mr A. Menziea was also appointed auditor. In any other part of # the Australasian colonies to have found a seam of coal eleven feet thick would bo considered a great)' event. This has been done at Katno some distance from the present workings, though, on the property of the mine. The depth is stated at about 4Cofc and is below the present working?. This promise of a more solid quality of coal from the greater (IcpUi. This seam has been struck in one or two localities on the same land, the diamond drill doing its work in the mosb effective manner. Opinion gains weight thttt the i.remi of the seam is towaids the township of Wh.ingarei, to the left; of the Kamo Roud. .so long held by the expert*-. The annual meeting of the Silverton Gold mining Company, Waihi, was hold on December 22ihJ. Air J. A. Fond in the chair. A lengthy directors' report was road. The iiulance i-heo.t showed the receipts to have been £1,298 lbs 3d, and the expenditure .v.839 14s 7d, including an amount of £24 7s 6d overdraff; from last y<>R.r. Tho liabilities are £454 19=) ; the £4,229 Is Bd, showing ;t crerHr. balance of £3,744 7s Bd. In moving tho adoption of tho report Mr Pond paid fcluu'ths credit balance of nearly £500 would bo α-ed up in tho completion of the works, but. the works would be started iree of cost. Ail the directors retired and were re-elected, with tho addition of Captain Daldy. Air Young was re-appointed auditor.