Page 3 Advertisements Column 2

Press, Volume LVIII, Issue 11108, 29 October 1901, Page 3

; MINING NOTICES. ; NOW PUBLISHED. 'THE PRESS" INVESTORS' GUIDE TO WEST COAST GOLD DREDGING. THIS Handy Publication, which has.received favourable notice from the leading newspapers in the mining district* in Otago and on the West Coaet, will be found most usoful k> all interested in the industry. Full particulars are q;iven respecting the companies formed *o work claims on the West Coa«t, and two vahiable sketch maps, which accompany the publication, give the location of each claim. See Press Opinions in previous issues. PRICE—TWO SHILLINGS AND SIXPENCE. To be obtained from all, Booksellers, Agents, of "The Press" throughout the colony, or t: t e christchurch "presscompany, limited, cashel street. "pO.NALD O. DUNC AN, Member of Stock Exchange of Canterbury, Associate of Incorporated Institute of Accountants, N.Z., SHAKEBROKER, ACCOUNTANT, AND AUDITOR, Land, Estate, and Commission Agent, 191 HEREFORD STREETP.O. Box 215. Telephone 621 8210

MINING NEWS. CANTERBURY STOCK EXCHANGE. MONDAY, OCTOBER 28. Sales—Hokitika. Kiror 10s. Following aro to-day's quotations, subject to the usual brokerage: — Al, sellers 30s pd. iSullor Junction, sellers Is 6d p. C'Hllaghaii'f Creek, sellers 2e 6d p. Ciolde-A Gravel, seHors 17b pd. (ireenstone Jitnotion, buyers 13s 6d pd. Hokitika River, sellers 10s pd. Kohinoor, sellers 20s pd. I'actoluH, aeilprs 18e 3d p. K->1 Jacks, buyers 20s pd., sellers 22s pd. Sailor's Bend, buyers 20s pa. DUNEDIN , STOCK EXC2HANOE. (FKBSS ASSOCIATION TELKGBAM.) DUNBDIN, October 28. The following rales were recorded at tbe ,Dun«>din Exchange:—First Chance, 4s 10d; Golden River, 6a; Leaning Rock, lie 3d, 11s 6d; Paul's Beach, Ba. Otago Exchange:—Central Charlton, 9s 9d; Kolly and Casey, 7s 6d. WEST COAST NOTES. (SFECIAL TO "THE PRESS.") GREYAIu-CJITH, October 28. The -Ncileon Creek Company's return was 67 ounews for the week. She expects a better yield this week, but will possibly be laid up for repairs ere long. The Pactohis Company's dredge is hopeful of a' good yieldEriokson's Reward Company's return is 360z 17dwt for 117 hours. The upper coverings of clay »to working out. This will mean a much larger rieturn, the top stuff being difficult to get rid of, and clogging the screen and tables. Th« Aew River Company's dredge is doing no good, and her early closing down is probable. The Grey Extended Company's dredge will begin work in a few days. The Ruby Creek Company's directors took over the dredge to-ciay. The To tar a Flat Company will get a start this week. OTAGO NOTES. (SPBCIAI. TO "THE PRESS. - ") DWEDIN, October 27. The Junction. Electric Company has declared' a dividend (seventh) of Is a share. The Enterprise No. 1 dredge has closed down, owing -te , the cylinder engine bursting on the 13th fnst. She is not expected to resume dredging uefore -the - middle of next week. : The Golden "River dredgemaatcr reports: : "No wash-up this week, owing to the river being so high. Aβ soon ac the river is low. . enough dredging will be resumed.' The Gibbe's Beach Company's dredgemaater reports that the dredge recommenced working on Monday last, but owing to the high river and the drift being very' bad, stopped. The dredge was then shifted to the .east side. 1 here, will bo no wash-up this week. U'he shareholders of the Alerrimac Company (Lawrence) last night resolved to volun-. tariiy wind-up the 'company. 1 The Metau dredge is still .repairing. - . The Jle-jeetic Company's dredge did not wash up last week. The dredgem&ster reports that on account of Uin high river he was obliged to close down on Wednesday. He has since been engaged in shifting lines, with the object of getting on to gronnd where ihe travelling drift is likely to prove less troublesome. The Teviot Company's dredge did not wash U JP* '■..,' Waiinrunn Central Company has declared a dividend (the filth) of Is ». share. The Royal Maori Company's dredge has stopped to put new tables on. Tbe Golden Treasure. Company's dredge has been stopped for repairs. The. Alexandra Eureka dredge started to-day, after a thorough overhaul. . ' The Molyneux Hydraulic.Company's dredge will shortly work the top end of her claim.' (PBESS ASSOCIATION , TELEGRAM.) DUNEDIN,, October 28» The latest dredging returns are as follows:— Royal Maori, Gbos. Golden Bun, 51oz 3dwt. Empire, i7oz 2dwt Otago, 230z lOdwt. Golden G*to, 17oz 6dwt. Meg and Annie, 14oj. Happy Valley, 15oz 14dwt. - Excelsior, soz lfdwt. ". - -

REEVES'S PROPRIETARY COMPANY. An extraordinary meeting of shareholders in tho Revee's Proprietary Gold Dreeing Company, limited,, was heitf in the compare's office, xiereford street, yesterday afternoon, to consider an option over.'the company's claim and properly to Mr A. ,P. Harper, for the sale of the same to an English company on the following tenna:-—£2oo to be paid as deposit to bo .spent in prospecting the claim, o rto be part purchase money, at the option of the option-holder, but forfeit able in. the event of the purchase not being' completed; the term of option.to nine months; £1 per share net cash for all shares on option by the present compnny; the Reeves's Company to receive 25 per cent, of the loading of any English company in fully paid up shares.; working capital to be provided by, the now company not to be less than £35,000, nor more than XoO.OOOj the Roeves'a Proprietary Company to retain ail gold won by their dredge or dredges prior to the completion of the purchase; should the Reeves" s Company purchase any dredge or dredges before the purchase is completed by the new company, tho latter to lake over such dredge or diedgea at ft price to be agreed upon by the selling and. purchasing companies, and any dispute aa to tho vajue to be settled by arbitration; the new company to place not' jess than four suitable dredges 'on tho claim, any extra dredge provided by the present - company as allowed for in. the previous clause, to count as one of the number; a full title and possesaion to be given on payment of tho cash consideration named, and the proportion, of shares aa provided tor to be issued immediately thereafter; offer to remain open for three -weeks from date of'sanction by meeting; the .directors to be empowered to arrange all details required to carry out the above proposals it accepted by Mr Harper. The Chairman of Directors (Mr W. X. Macbeth) explained the object of tho meeting, and asked whether shareholders would vote on tho terms as a vshole, or clause by cleuee. "The directors were advised by their solicitor that they had power to dispose of th« property withmit consulting the shareholders, but preferred to call them together. Under the present option about £8000 more was - offered for tho company's shares uhan under an offer jirevionely made, Of cour&a there was no finality at all about the matter, lir Harper ha/1 ' virtually agreed to these t*»rms. but required thm» weeks before finally closing if the proposals were sanctioned. ilr S. Manning said he thought the offer a good one, and would move that the proposals be sanctioned.. Air J ossop seconded the motion, which was carried unanimously. The resolution ie to be confirmed at a special meeting to be held on November 13th. ROYAL VISIT. See the magnificent Photographs of the Room* at the Royiil Residence, now on view At W. E. Sorreli'a YestilMile, Colombo ■treet.—(Adrt.)