ANNUAL MEETING.
The third annual meeting of shareholders of King Solomon Deep Lead, Ltd . was held on Saturday, Mr. D. S. Mackenzie presiding.
The chairman said that since the balance-sheet had been issued the surplus. * C irrn ng * th i„ p A st wcek ' s wash-up, was £1000 to £1700, a position which was very reassuring. Since the last annual meeting there had been a considerable amount of capital expenditure which would be non-recurring; in fact, the future capital expenditure would be much less than in the past year. The export duty ?,? B° ld of 12/6 per ounce was cansins a little concern, but it hnd to be admitted that they were not badly treated as thev came out of the deal about 4/ to 6/ to the good after receiving 15 per cent exchange and paying the 12/6 export duty. J. hey had a reasonable assurance from the authorities that if the price of gold dropped the export duty would be cancelled. GOLDEN SANDS RETURN. Gold Sands, Limited (Barry town), reports a return of 270z 7dwt of retorted gold for 18 shifts.
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Auckland Star, Volume LXIV, Issue 83, 8 April 1933, Page 6
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183ANNUAL MEETING. Auckland Star, Volume LXIV, Issue 83, 8 April 1933, Page 6
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