THE RED JACKS COMPANY.

Press, Volume LVIII, Issue 10988, 11 June 1901, Page 3

THE RED JACKS COMPANY.

'"' r?°l' i° !*" •submitted by the directo* $ ____ ff? * ttc '** •*■*** Gol d Dredging Company ' _«l__i •*""""' ujeeiiui »< eh-enoiders, to bt ■ilg* ao. the Mth .nm., »u;e» thai the -hie! MS, J? n< i ° -*** «*?•"•»■•» of the letting ol ________ ' 'A* nMI _ J - iD «* t«> Ales-.-, ucbn ** **** IW-ateo-ae to Mr W. 5 pnrohase of 13 acres ,j{ ad _B_^Jg*?_ d < pontoons ara com-i^___T-J_s." i *'? ,M - 4 <•** machinery ia oa ___£__ -"V!? **_ *rt w *y •» iwwonab'.y ex_RSM_i **_■ •*■* drrdge will commence wori HffiX. la ' September. The purchase oi th< _B_3_Ft £™"iP t, * hich ** wafidentiy be--2ll_—*._£ *-**» n y auriferoua, and smidr-j I!!____W* 1 "*-*! Unforeseen at the inception ol j^^ag«™a*»Wfiy».has neeessUalod tho further ex- _ • bonl • clao °- I- - ls not anticiM^_*_f* , *« tb«— will be any difficulty in financamount. __l_W .balance sheet shows that the amnun' Hg—£_y_' *' t ''ai!y r*"d up on May 31 st was W_r___j,' ™ l * t tho "•"-**- 1 ™ of «-H» amounted _^B?•_?*•» * n< ' ""bare* had been forfeitec ■Bl»S*r* ■**»H>e of £2,1 Ha Hd. On the dredge ______f* 7 X^ a l **"" f '" n P*'* l, * nd on itlf MmTl rwn 6B l^!l 9 *'' ' or , * lr additional ground .^^Oci* 11 * PaWi J** - * costs amounted to £3r HBEJ?' «ad travelling expense* to .C— <> 8 ed t ___E-*j"«_ t ' l l " 4 ' ,tKf ' - t tlin bank is £917 18< __nS_t * liabilities are:—Dredge ■MPPlii pontoon*. jBlfiO; firewood, £150; anc account and sundry, £350. > __HSn** •^ oor " a, 'd C. R. Woledge re'itt J____ , dirtotoraie. but are eligible and offe : '9■_bS_?i * - or rt~el*etiou. fiber business t< : '"'____Vi * 1 " 1 incJudfs uwkiiig provision fo . : *HEfi§!_' aa^% iruarantee, or otherwise, 1 and. _ con«ideriiift the propriety o !°H—BEE!?** °* *>"'*•''*"" '"• *" 'be numerous s'tocl _____***** '" ,r directors, so far, hato de tf ■___? "*° * u '" nu * **> mcv demands. - __Hk BALTWAT ' 3R CREEK COJ-PANY. f: : jH|g|fr Report of the directors of (he Salt *** fl ° l '* Company to b« ? *'* *"* * u * l ' l,L l meeting on. the 1811 ______ o*?f°ra0 * ? f° ra contracting for 1 i'_____* _ wa * deemed advisable to have thi ___H m% '■™ v*u *' m *h'rj tesUd by boring, and tot l_____o_? * unlc *- Rcler tija suporvUioa of _< ____fp*m. al ** * I *** r * CuW"! Bros.' represent* ; Th* result ni not aa •atiafaolory m tha <k(pt_ hi wash aot fclns

such m was thought to exist, and it will I for the __K-re_io.d_rs to decide '"■•hat atei shall be taken with respect to the Compari Mr T. Twomey rehires from the di:ector__|

but is eligible for re-election. Tha balance-sheet (rhowa that the ammini of capital actually paid up on March 31st was f9fi3 sb, tbe amount oi c»ds unpcid tain; _.*«5 J6s. Tbe expenditure amounts lo __630 Ma 9d; the balance nt tho .nr.k is £312 4b id, and the caah in hand is £11 6s lid. Mr Fi.iihinl, in ins report, jrives details ot th«, re.u.ta. irom r&ch bore put down. The greatest di'pth reached v.as COt_ in a'l.'ioft sun. twenly-llro rbiiua south ot the creek. The hiprhes: avcrsrro r£su.t obtained waa in tiie No. -1 borr, IP.ii deep, where prospects equal to 9..figr per cubic >«id were obtained. Ccnciudirg h:s repcrt" Mr Faithful cays : —"With ou: touching tha terraces, the bores in the lower fla. prove that there :.. not sufficient wash preseni to justify the expenditure cf capita l , in' the roiiß.ruction of'a dredxe. but if worked in conjunction with tho terrace., then profitable results wiil ensue."