MINING NEWS.

Press, Volume LX, Issue 11753, 30 November 1903, Page 5

MINING NEWS.

The (face being worked by the Aiding* Company's dredgo last week was being extonded, and waa being worked in two sections for tbe purpose of prospecting. . It as hoped that a start will be made m a Jew days with the housing-in of the machinery on the Bignell's Notown Company* dredge, Shareholders in the Reeves's (Proprietory Compomy, says Saturday's "Otago Daily Tunes," have been much disappointed art the long time take— to get the new big- dredge, purchased from the _C«rrimao Coavpany in April last, at woric on the clafni. and they have been anxiously looking forward for maaiy weeks -pa_t for her start—if —ork, when it was expected that returns of lOOoa per week would ibe obtained, the present email dredge having _iv«n returns of 30o_ for some —celka. Preini inquiries made it now appears that the erection of the anadhinery was to have bean done •by 'the C-ompawf'a cßMdg_rna_ter (IMt Scott), but unfortunately he ha* broken, down in healtfh under tho atrain put upon Mm, amd htiA to take a complete rest for a <ew months. Th.j directo—i have now placed the erection contr-ot under the supervision of Messrs Cutten —Tog., and ttho contract for the work has ibeen let to Messrs N«es Bros., the time for completion being ten weeks. The contract for the pontoons is finished, the Anal payment having been made last ~eet The last report from "the claim states that tlbe ground is improving l , to. that when the bi_ dredge gets ti work flharehoKtera may with confidence look forward to good' returns and satisfactory dividends on their capital.