WHANGAMATA PROPRIETARY.

Auckland Star, Volume XXVIII, Issue 256, 4 November 1897, Page 5

WHANGAMATA PROPRIETARY.

BATTERY TO BE ERECTED

Tke English Company that took over the , T-t fast and adjacent properties at KUmata is steadily pushing forward TPlopment works under the direction of S-BBewick. Moreingand Co., mining Something like £600 per month SUx'tended in developingthe property. Jnoff tenders have been invited for the «lfon of buildings, machinery and crushJllant on the Company's machine site !° ffhangamata, winch is or itself iritee that the result of the work nedunV the past few months is satisMorv By yesterday's mail a circular «L to hand which has been issued by the Ltors to London shareholders. It reads follows:—" The directors are pleased to Lit that the managers in New Zealand, to Bewick, Moreling and Co., consider L mine sufficiently developed to authorise Lrdering of crushing machinery. The ioTWFisan an extract from a telegram of Werner 20th, irom Messrs Bewick, \Lfar and Co. : ' There is a £ of pay reek 2GO feet long, ■ m oe width five feet, from which 725 am of an estimated value of £2 10s per iailiave been extracted from No. 1 level. Btimate 4,000 tons of the value of £4 in trechute in mine between the two levels. Itelode has been traced for 2,600 feet. tact other rich jhutes of ore. We are lie satisfied that it is a thoroughly good party.' The mine manager in his last Lit states that he is convinced the ore iioves in depth, and the directors have afied asking for a wire as soon as the reef Bstrack in the No. 3 level now being fa. Everything possible is being done ithe'shareholders' interests to expedite utters and to avoid at the same time any hlbs expenditure."