INDIA'S GOLD MINES.
India is an increasing producer of gold, and some of her gold mining companies are of exceptional importance. The Mysore Company, for instance, last year turned out 127,5670 a!., realising £498,292, of whicfc £362,172 was net profit. The dividends amounted to 110 per cent, on £250,000 capital. The Nuudydroog Company also secured gold to the value of £211,397, and paid 424 $** cent- dividend* on £220,000.
The Champion Reef Gold Mining Company of India on its £220,000 capital baa also paid 100 per cent, dividends in the past twelve months; while the Ooregum Company, out of £60,328 net profits, has paid 12£ per cent, on the ordinary and 22£ per cent, on the preference shares. There are, of course, a number of others which are in the questionable stage.
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Press, Volume LV, Issue 10042, 21 May 1898, Page 7
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131INDIA'S GOLD MINES. Press, Volume LV, Issue 10042, 21 May 1898, Page 7
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