THE GOLDFIELDS.

Auckland Star, Volume XXXIX, Issue 197, 18 August 1908, Page 2

THE GOLDFIELDS.

NEW "WAITEKAURI. The New W-n'tekanri Gold Mining Comlany have completed by cyanide process "he treatment of the tailing* from the. .Ast crushing for a return nf HOoz 12d\vt of-melted bullion, worth £55. THAMES DEEP LEVELS. (By Telegraph.—Own Con-e?P"udeul.) THAMES, this day. The Thames Deep Levels Committee {Messrs. Dawson, Aicken, McCullougb Hudson. Knee.bone. and Sheath (secretary) visited the field to-day aud inspected the Big Pump shaft, which, as Mr. Moyie explained, is 040 ft. down. He suggested deepening it tn 1.000 ft., then crosscut from the Queen nf Beauty to the Saxon, and then to Big Pump, aud thus drain, and explore the whole flat. Mr. H. Adams explained that the. May Queen proposed to make a crosscut from the Queen of Beauty to the May Queen shaft, thence along the Moanataiari boundary, on the other side of the slide to the Kuranui Caledonian, the estimated cost being about £12,000. The committee will meet the mine managers to-night.

PROGRESS MIXES OF I\"EW ZEAJjAXD. (Prom Our Special Correspondent.) LONDON, July 10. The report of the Progress Mines of 'Kew Zealand, Ltd.. for 190", to be submitted at the meeting in London next week, states that during the year 55,305 tons of ore were treated, and the sum of £97,400 realised from gold. This amount, together with £863 received for interest, etc., makes the total gross revenue for the year £98,264, a decrease compared -with the previous year of £5,438, tne tonnago treated being also 3.795 tons less. Expenditure in New Zealand and London amounted to £60,773, leaving a profit of £37.400. This sum, added to the balance of £29,330 brought forward, gives a total of £60,821, out of — sebieh £4.103 has been written off. £3,485 for depreciation. £2883- for income-tax, and £300 carried to reserve, leaving a; balance of £.55.958. Dividends amounting to 2/6 per share have been paid, leaving to be carried forward £21,583. In cansccjuence of J.he serious falling off in the value of the ore crushed since the close of the financial year, and the increased working costs, the directors decided that it was not advisable to declare the interim dividend of 1/- per share •Usually paid the end of April. The •development in the mine in No 11 level has disclosed wnat appears to be a valu-

able ore body containing high grade quartz, but largely owing to its extraordinary position the working costs have ■been seriously auected. The crushing returns, however, since the end of the year show a large failing off in the value of the stopes in the upper levels. As regards extraction, the experiments carried out by Johnson and Sons, Ltd., have been satisfactorily concluded. Unforeseen difficulties arose in the course or rneir experimental tests, but the principle of Messrs. Johnson,3 process has been established, and the necessary plans are being prepared with a view to placing the order for the additional plant required. The Company's holi-interest in the Black- _ jreaier mine .has been satisfied by the (lilotinent to it of 100.000 shares. CONSOLIDATED GOLDFIELDS. (From Our Special Correspondent.) 1 LONDOX July 10. The report of the Consolidated GoldiCelds of New Zealand, Ltd., for 1907, to be submitted at the meeting in London next week, summarises the revenue of the Company d/trring the. year as follows: Gold -iron jrpni the.Wealth of Nations and Golden Fleece properties £46,055; gold -non from the Humphreys and received from tributo'rs, £2,951; dividends on investments, £21,056. and rent, interest and sundry receipts in New Zealand amounted to £610, making a total of £.70-,aS5. Expenditure in New Zealand and London amounted to £34,374, leaving a "gross profit of £36,311. This, added ■to.the balance of £34,247 from the preceding year, gives a total of £70.558, out of which £15:693 has been written off for depreciation, £SO6 for income-tax, and £300 carried to reserve agains tdoubtful debts, leaving a balance of £53,759, which has been appropriated as follows:—Divi-

dend No. 9 of 1/6 (7§ per cent) per -«ha-re, paid October, £18,178. The balance carried forward amounts to £35.581. With a view to improving the gold extraction at the Wealth of Nations mine, the reduction plant is now being remodelled, and tube mills and B. and M. cyanide tanks erected. These alterations whilst they are being made will, to a certain extent, interfere with the ordinary battery routine, but no great loss of milling is anticipated. The 100,000 shares in the Bla.kwater mine, due to the Company in satisfaction of its half-interest, have been duly allotted, and are now held by the Company. ' The Company's holding in Progress shares remains at 160,000 shares. MINE MANAGERS' EEPORTS. New Sylvia.—Last week being a broken one. the drive only advanced Oft The country is not so Jght as formerly, and as we should cut the reef in about another 16ft, it should be at hand in less than si fortnight. We are still in a favourable class of country. Waiotahi-—The weekly report from the mana 2 er of tho Waiotahi Gold Mining Company is as follows:—No. 6 leve.l- The wtosze sunk on the dropper below this level Is down a depth of 53ft. and the flat formatlon is now about 3ft in width Stopiue on the dropper above this level is also in progress west of No. 2 rise. Stopiug out ■the small block on the Cure reef above tills level is in hand. The reef is about 15in In width, bnt no gold has been seen N"n 6 level Driving wist on tht Walntahi \sj. 5 reef, from the Mary Ann shaft, has been ln progress, and is in a distance cC <Vift. the reef so far being of a very pnggy nature. The stopes on the main reef nnder tiie No. 2 rise are in baud as usual. The third stope on the dropper has been carried east of the rise for a distance of 4Sft. and continues to yield good crushing dirt. The second stope on the Cure reef has been carried west of the rise for a dlßtance of -Oft. No. 4 level: Driving east on the rib of the main reef from the Mary Ann crosscut is in hand, and a distance of 23ft has been driven. The quartz is abont loin in width, and has shown colours of gold. The rise ou the main reef from the north-east drive is np a distance of 56ft, the reef being about 6ft ln width, and on Saturday we saw a dab of jold. I South Kapanga.—The drive on the reef I is now in c distance of 110 ft from the rise. During the week necessary timbers have been put in. consequently not a great I amount of work has bpeu done in the face. ! There is no change in thp appearance of tho j reef since last reported. ' Sliver Hill.—The drive north on reef has been extended 6ft for the week. The reef la 3ft, and assays £1 17/6 per ton. A stope ibis been taken along Sft, and the assay £rom -the stope is £2 6/10. Driving south ih_s been started on the No. 4 reef; which Ss at- wide, and in * most co-genlal class __ can-try.

, WAIHI CONSOLIDATED. WAIHI, this day. It is expected that tho Waihi Consolidated property will -be taken over by a . new English company, which is prepared s to expend £25,000 in developing the , ; property. It is likely to be floated by t October. TAI_sS.UA>; G.M. COMPANY. KABAKGAHAKE, this day. The following cable has been sent to the London office of the Talismau G.M. Company:—"No. 11 level south, progress 11 f<et; number 12 level south, 11 feet; . number 13 level south, number 12 rise, ' progress 21 feet. The reef is wider than in tho rise. Assay value, £11. West cross-cut. -I6H feet south. North drive advanced -l-l feet, and the width of the \ reef is 4 feet. Assay value, £22." i SHAREMARKET. j BUSINESS DONE— , Kurauui 7d -New Occidental 2d ■ Waiotahi 2/8 , Blac-waioi- 24/0. 23d . Brilli.int 810.-k Lid paidi 3_d. 4d f'rowu 4/6 New Waitekauri :iid I 'i'nlrn.-i ( onsols "id Tairua Golden HUN 3/11. 5/10 Tairua t'»nquoror P>_.! Taii-ua Extended Ud. Hid Talisman Consolidated '..47/6 Walhi Grand Junction 32/ Mountain King 7_d N.'(7"innal R.-ink 103/6 .Auckland Gas mow 20/0 Kauri Timber (cont.) 13/, 13/2 STANDARD STOCKS— | Sellers. Buyers. | . P.niO. of New Zealand ISS/0 •■ — I I Rank of New South Wales .. 931 New Zealand Insurance.... - .. 73." i National Insurance 28/8 .. 27/9 , South British insurance .. 57/0 .. - I Standard Insurance - .. 22/n N.Z. and River riato 310 .. 30/8 nikur.iugi Coal in/o .. _ Northeru Coal (10/ p.u.) 14/4 .. 13/B ! Taupiii Coal 18/6 .. 18/0 Westport Stocktou 0/0 .. — I Drury Coal (..ont.) 4/0 .. 3,6 Auckland <L:? 310/ C.. Jtoa/O ! Auckland Gas i new -Issue) .. 21/0 .. 20/01 Northern Steamship ip.u.).. 17 fi .. Northern Steamship (root). . 71$ .. 7/6' Devonport Si earn Ferry - .. 32/0 Kauri Timber (p.u.) .' 31/0 .. Kauri Timber (eont.) 13/3 .. 13/1 ■ Parker. Lamb 26/0 .. — Auckiaud Tramways (pref.) 23/6 . . 23/3 Auckland Tramways (old.) 23/0 .. 22/3 P.S.C. LimitPil 3/0 .. — 11 rev jiod Jleiizsies jpref.l .'. -- .. 103 Grey and Menzles (ord.).. -- .. 0/4 "Hill and Plmhmer '"........ 21/0. .. — Theatre aud Arcade Co. (pref) 20/6 .. — New Zealand Cement 27/0 .. 26/3 New Zealand Cement (now) 13/1 .. 12/0 Northern Boot — .. in n . New Zealand Paper Mills.. 21/0 .. — Union Oil 2()'fi .. — ' Wiseman and Sons lord.) .. 13/3 .. — Wilson Cement lord.) ....... — .. ;:,s.'o , DEBENTURES— N.Z. Government 1 p.c WOO V .. — MINING STOCKS— Sellers. Buyers. Halcyon (V 5.. — Kuranul li/B .. ovn I Ivurauui-Caledc-uian 0/11 .. 0,11 Mugaot rcnut.i 0/2 .. -'- I May Queeu 2/2 .. 2,0 I May Queen Extended 0/5 — New Monor.-nl 0,11 . n-5 New Sylvia 1/7 .. ]/3 -Old Jlburni.i 1/1 . _ j Saxou O/lo .. 0-0 Scandinavian 0.5_ .. — Sou thorn Queen 0/5 .. 0/3 Thames 0/7 0/5 Victoria 11 10 .'.' _. r Waiutalii ;:.) .. 2/7 p Waltangi 4/s .. 4/4 £ Vls-.teiimnn l)/;i Consolidated Goldflelds 1.-./ti .. 14 ~a ' Biaebv.atei- -_>r./n ..2-1/0 I Golden Tah 0/5 .. 0/3* a Hauraki Freehold 0/5 o'3 * Old lisiu-aki Miner. I/O .. 1/7 * South Knpansa (i/fj .. • Tanjrlnro 11/ paid) 2/n .. — £ ™ c;,r ''; l 0/4* .. 0/3. t 1 liiiuiplnn (p.u.) r,/0 .. -i .. champion (i-ont.) 4 II " Crown 4/7 .. 4/5 a Dominion ~...-, urn _ Golden Kelt ip.u.) 2/0 .. 1/10 h <!ol(len (runs 0/6 .. n/o Klrikiri ip.u.i ii ; is .... n Kirikiri (cont.) 0/6 .'. — Knranimlinke 0/10 .. 0/0 Korpota lteefs 1/3 .. 1/1 Maorlland 0/4. .. 0/2 New Waitekauri 0/4 .. 0/31 Phoenix In Pride of Waihi O'O " _ Ready Bullion o/R 0/3 a Silver Hills 0/n '.' n/3i £ Tairua Broken mils 3'o .. ; ij' _ Talrusi Consols (1/4. .. _ _ Tairua Triumph 1/1. .. o/0 Tairua Colilen Hills 5/11 .. .-,/!) s Tainui Extended 0/11J.. 0/11 * Tairua Pawn o/7_ .. n/7 )■ TTiirna conqueror (p.n.) 11 .. i/n n Taii-ua Conqueror (cont) 0/11 OHOI 1 Talisman Consolidated 47/6 47/3 l S".w ls!,/0 -186/0 Walhi Beach 0/4... 0/4 Waihi Consolidated 2/2 .. 1/g Waihi Extended ... 3/5 _' 3/3 Walhi Grand Junction 32.C5 .. 82/0 Mountain King (cont.) O/S n~i Tanciaro (eont.) 1/7 " - Brilliant Block 0/4 " 0/34 Golden Cross (eont.) d/n _ t Shotover (eont.) 0/41 .'. 0/7» C