MINING NEWS.

Auckland Star, Volume LXVIII, Issue 44, 22 February 1937, Page 4

MINING NEWS.

NORTH BROKEN HILL. 1 DIVIDEND OK 1/6 A SHAKE. Ailvlrc rc'iMvril by the Auckland Stork Exchange on Saturday from Wellington states that the directors of Xortli Broken Hill. Limited, Melbourne, have declared a dividend of l/(i a share. This is the lirst dividend declared by the company since its 700.000 £1 shares were subdivided toward the end of last yrvtr into shares of 5/ each. For the last financial year, when (Tie prolits of the company totalled , £ ti3ti.!)4o, dividends amounting to 13/C> a £ I share were paid, and before the subdivision a dividend of 4/ a £1 share was declared for the current financial year.

KUALA KAMPAR DIVIDEND. A dividend of 3d sterling a share and a bonus of 6(1 sterling a share, payable on February 25, have been declared by Kuala Kampar Tin l'ields. Limited, Malay. Each payment is subj«ct to the addition of exchange. The previous dividend was 3d sterling and bonus 3d sterling, paid in August, 1!J30.

YIELDS OF COMPANIES. Gillespie's Beach (South Westland).— Last week, 7207, 7dwt for 129 hours' dredging at the beach end of the cut. Worksop Extended (West Coast).—Last week, 82oz for 135 hours and 12.500vd5. Mossy Creek (West Coast). —16oz 12dwt for 130 hours and 7114 yds. King Solomon (Gore)".—This week, 270z 2dwt. Worksop Extended (West Coast). —82oz for 135 hours and 12,00(1 yards. Maori Gully (West Coast). —340z for 131 hours. Nemona (West Coast). —570z for 109 hours and 9000 yards. Addison's Flat.—s2oz ldwt for 35 shifts. Waipapa Beach.—27oz for 129 hours. Okarito.-—2Boz for 120 hours. Gillespie's Beach. —720z 7dwt for 129 hours.

REPORTS OF MANAGERS. Bit? River (West Const). —Week ended February I<> :—Surface : The old culvert draining engine room foundations and carrying exhaust steam pipes, caved in after heavy rain. Now opening up and retimbering. No. 4 level: South stope— Mullocking aud bringing up pass to No. 3 level. No. 5 level: South drive—A round taken out showed a definite footwall and hanging wall. The reef track carries a few small seams of stone-carrying «nineral. Rise—Advanced 14ft (iin. The distance now up is 38ft (iin. at which a block of stone 2ft Gin wide is exposed on the hanging wall side. A dish prospect from the borlngij showed free gold. Later report— Stone taken out of the rise shows coarse gold. The rise appears to have struck the north end of an ore body, which seeing to be making stronger going south.