MINING.

Auckland Star, Volume LXIV, Issue 225, 23 September 1933, Page 4

MINING.

GOLDEN SANDS DIVIDEND. (By Telegraph.—Press Association. v CHRISTCIIURCH, this day. The directors o£ Golden Sands, Ltd., liave declared a I'our-montlily dividend o£ 5 per cent, payable on September 30. FRESHFORD WASH-UP. (By Telegraph.—Press Association.* GORE, this day. Freshford dredge wash-up is 220z ldwt. GOLDEN SANDS RESULTS. The Mining House (N.Z.), Ltd., advise that since Golden Sands, Ltd., Barry town, Greymouth, started sluicing operations on February 1, gold to the gross value of £3080 lias been won from the claim. GOLDEN POINT CAPITAL. At a meeting of shareholders of the Golden Point Gold and Scheelite Company, held in Chrlstchureli, resolutions dealing with the financial reconstruction of the company were carried. The resolutions provide for t lie writing down of the present paid-up capital of £32.000 to £10,000, the issuing as part of the additional capital required of £3000 worth of uncalled capital, carrying a right to a fixed cumulative preferential dividend at the rate of 8 per cent, and tin! fixing of the capital at £20,000, in lieu of the present paid-up capital of £32,000, and nominal capital of £ 35,000. OUTSIDE CAPITALISTS' INTEREST. VISIT OTAGO GOLDFIELDS. (By Telegraph.—Special to " Star.") DUNEDIN, this day. Rarely in the history of gold mining in Otago has there been such interest taken by overseas capitalists as there is at present. Last week representatives of English and African gold mining companies spent a week on the Otago goldfields. After visiting tlie Nolcomai claim ttnd watching operations there they went on to Queenstown and Cromwell. From there they visited St. Batlian's and Kildare, and other claims, and on their return the Wetherstones field. If the report of these mining authorities is favourable much capital for mining development may com" into Otago.