THE GOLDFIELDS.

Auckland Star, Volume XLIII, Issue 180, 29 July 1912, Page 6

THE GOLDFIELDS.

TALISMAN GOLD MRTDJG COMPANY. * . — 0 ANNUAL MEETING. * (From Our Special Correspondent.) LONDON".. June 21. . In his observations to the shareholders s of the Talisman Consolidated at the I annual general meeting, held in London £ on June 18, Mr F. C. Auld said \ the favourable statements be made at 1 ijhe last meeting had been more than ' justified by the results disclosed in the f report. After detailing the results, he a said it would have been observed from the •first quarterly dividend paid in re- t spect of the current year's profits, that the directors were sufficiently satisfied ' with the outlook to increase the regular * ! quarterly dividends to 1/9 per share, and t should the surplus profits "be sufficiently i large after the payment of that amount I per quarter, and after providing for the \ necessary depreciation, they would be distributed by way of bonus towards ' the end of the financial year. The ore ' reserves (including ore actually blocked , out, and ore only partially developed) 1 were estimated by tli«- min<" manager, ( at the 29th of February last, to bo 98,805 ] tons, having an average value of £0 1 per ton, and a. gross value of over £592.- ' 000. As to the recent developments at ! the mine, he read extracts from a letter received last week from two members of the local board in New Zealand, who were then on a visit to the mine. They suited that no reason appeared to exist there for the decline in thp market value of the shares, that the m-ine, in their opinion, never looked 'better, and that at the most interesting development point of to-day, the drive off Xo. 12 winze from the 14th level, the north face showed values equal to the highest here- { to/ore obtained. The chairman added , that, as to tiip present labour trouble ] in the Waihi district, he could say that ■ the trouble had not spread to the Talis- , man mine, and they did not anticipate < that it -svouJu do so. The report was adopted. , _ ( i WATTANGI. The good assay reported from the Wai- ' iangi Consolidated mine last Ratnrday " resulted in a fair demand .setting in ' this morning for sharps in that company, ' the price advancing to HJd, At the noon ' call holders asked ]/ and buyers were ' 7-Vepared to give 10*. " 1 OLD HAURAKI. \ Mr Malcolm Fleming's tribute in the Old Hauraki includes 30Oft north of the Union Beach shaft, I,oooft deep, and 50ft ' on each side of the 90ft lnvel. After sinking a winze about 16ft he came on horwontaJ alluvial -wash from Bin to a foot deep, yielding <rood prospects. A drive at this depth has oeen pot in 4Oft gorug flotrth, the prospects «on tinning the whole distance. Mr Fleming is savin" all the wash dirt, and hopee to pick up lateral gutters containing rich gold from the surface of the Green Harp leader which in former days gase good results! He expects to ent several gold baaxmg leaders ■which are known to ejaet inhS ground. OOLDE\ BELT. S war ss .^.rsjvff ■mtn No. 3or the road level No " wfnZ( . was beenn om tbe low level iiirSth No 2 riße, but after aioklng 16ft. wrirhad to be for the ttae owf D ?to lie water met wl*h. At a poiet 100 ft up No caTta fllfii r% aJlotrnent Psrments. From calle £561 6/2 were received. The exiwiidi tye was: Bank overdraft now off SH??%~ mine wages and supply, £918 Vβ ~^^'} 4/2: cash on band, £231/5; baK, g^