FACTS FOR INVESTORS.

Auckland Star, Volume LXVII, Issue 205, 29 August 1936, Page 4

FACTS FOR INVESTORS.

WAIHI INVESTMENTS. (From Our Own Correspondent.) LONDON, July 31. It is expected that when the first accounts of the Waihi Investment and Exploration Company are presented in September, they will disclose a strong position, and will show that capital is more than represented by gilt-edged securities. An increased interest has been taken recently in the shares of. the company. Waihi Investments owns two-tliirds of tlie capital of Puket Tin Dredging, Siam. As the dredge has been engaged this year in working through some poor . ground which had previously been mined by ClVnese, the results to date are not favourable. However, better ground is now being worked, and the results for the final months of the year should be much more satisfactory. Any concession granted to Siam to secure her adherence to the tin restriction scheme should help Puket, which, it is believed, recently secured a small increase in its output quota. The balance of the Puket tin capital is held by Tronoh Mines, Ltd. It is probable that when Puket starts to pay dividends, in a year or so, Tronoh may put some of its shares on the market. This will enable Waihi shareholders to assess the value of their own shares more accurately. NORTH BROKEN HILL. Encouraged by the advance in base metal prices, North Broken Hill is resuming operations on the low-grade British section, bought in 1923 and closed down six years later owing to the collapse of metal prices and increase in costs. About \ 130 men will eventually be employed 011 j the British, from which a weekly output I of approximately 1500 tons is indicated. The ore is to be crushed on the spot and then transported to the North's mill for treatment. In its last year of operation the British procluced 158,589 tons of crudes, assaying 11.8 per cent lead, per cent zinc and 6 7oz silver per ton. oA