WAIHI MINE.

Press, Volume LXIII, Issue 19156, 12 November 1927, Page 14

WAIHI MINE.

. THE HttJ , {n °* ™ >** ' I 3 The "Mining I 1 ) Record' • devotes ove? JL "f ' *2l 1 > « hat is the crei.nt . ' > *• ; approaching old am .-.. **««.' »i : 1 merely marking S^lS 1 uen recesses the H •WftlK,* ■«d potentialities Ser«t" *. w its younger days!" ' "' w , The article is -From * n ■■ who traces the history of «. Co ?««POM fc iV • from 1878 when ™iJ tte MaraTT^ • Messrs McOombTe er "is the first bulletin'„f J? rt tSiSj voted exclusively to , "Lu &"%'■ It is a monumental wn»V a! .?V%.X£ b; with every of^SftS ' The author is to be fact that .he has had »hTJ^ U,ftl -*8 1 forward definite, clear, and^'•«•" 2 to the views of previous «w "%«Wm2' , "Geogolical datl re cen toSS&S*% borehole put down from & **»ti ux., the disconcerting fact that V.* H'ttwfi persists to about 8800 ft f^°J^«^ that far-distant time the I«im v MBaJ -«St and gradually ,unk down south-east under the mt wsSm volcanic rocks which™ta?&£ft*# being piled upon it to a deptlrSfflfW been estimated at 6000 ft tS - wW A*fi' has been wrapped round with igneous extrisuve until to 4» A***"* peeps out a bare 250 ft anon ttifc!S* ing plain—Martha Hill. "»• Wrt*^ ..„ proWem to b.;Bolwd'S The impoverishment of th« wii.l. *i /¥ the 1000 ft level is obviotK* ta fci°W with the oxidised country wW*»' else happened at that Srhon never received • **ti*t*S l V*he t marked fanpmtAß&M noted throughout the mine at rt.i at points far beyond th. ox dised belt of counfa-v «L nfI UWM WW the Martha It has the 'critical level' factor Certain ££dtttoS WSffll and then shown to ha hy^—vi'■'■•'■•■ill vitaWactor ln « O C%^ .„ .v QMsUon •* Bxplora«oi l 'vnifc trained, £4, » been built up at Waihi n?*S "-''iwt gical side, for instance/ ■«2a^ , -'B*P? of ore, often exceeding 100 ft In wISiOTI been won in the past, yet we X'StSl rock bursts, subsfdence,, oT any ftLW serious collapse in the mine, foi^'iSl skill Bnd foresight can suMeit ■ w«is-SS« tons of filling have been fell cut on Martha Hill and fl the stopes. which are arches and pillars are nnalfs•' even the levels are obliterated, "ttl&ffl's work is magnificent, butthe question of exploration in;&S(OS£ ferent story has to be • reasons for saying that those ri'iliSkSlt this work show a lack of inltiaStffiSi stanoe. It has been urged ment that no less than iOOufiiaiiinHiWS the strike of both the. ltW'&s{mff come lodes to the western property remained about the same, length of.! exists on the strike of the K ]mW SI. wards the northern bonndary.;? S(ums»«*Ps borehole has been the western boundary. o^l^ Agreement wlft'arandSwnMMi^p »'The agreement with thsfeali'Slll Junction Company. Ed, by th<s chairman-of 'the Waiht&OoftM! as a lust and equitable arr*nisittoat?/i™&l Who have laboured to: ; bring',aDont i WM(iI ment deserve the' .tteiilireMiJiM in both companies.. «iM*iar«v;or-ta«»flßi companies is by pumping in Waihiftti|SpJihM;M«ii(i|l water level in the GMd>ncwn;;Mr*>l| beyond. virtually one mmf barriers are :Wh|«| be any hesitation lug lodes near to't# v tW ; jhJlPJwl«'wW|i do not naturally'e*lii*^Mi»*!S'M^ "In view bility attaching to hUip6«Kilil \wmm the Geological * fe*| M one could have blaffil Hi thought fit to simply'ilM;W(ii| his conclusions tnereon.'ipirtlM"wdl?| m few very guarded MtomttMllMWlfyrtrtS m fraining from anything ffl diction. What. actiully'rhsnpwjl/Mll judged by each Ihdlvldnal ! aftH>feßold«r|tf the following extracts Director of Geological ■ '"ln particular, the 9tplMlW:i!>mWm era side of the Martha Hlll#*o«aJWH|l| rock extends to the greatest ed in mining operations, it; mended. The probability even bonanza, ore at or mW'wMm'j where the oxidised sons sulphide sone is considerable/.awl ■be great. •,'. ■ jiv!.' ,^a^H| " 'Lateral, prospecting tlsed rock near the present WW&SS!WB& Walhl an* Orartd J»nction\ i mtoiwraWK able. In particular the WlortjWSgglfi western and sonthrWeit»rn-part;»l»J»»JMffi»2 mine It likely to bl covery of ore bodies.' -. ■£%~^W®m "It will be seen that the oonrage of his convlctUinsi recommendations In: bold ano.'jor«D!naH| guage. and it Is to be 'hoped date .his recommendations wl,l :P e by the management." .■■■■;'Sfe'&3^|fe

GEORGE A, BOND AND CO^ll

George A. Band and Co., tM, W*f!jKSffiP a profit of £55,487 for the year n «*W|&| 80th, compared with £55,459 W "JS»SL'# year! Dividend of 10 per cent. •« "JkHg second preference sbarea ni JJF*m® on third preference •**"• /fflffJfe»|& £35,202, and with the ward there is £85,692 »««»'>'•; ,?&s%& the ordinary dividend will be jali RUSH ons year the ordinary diT ' d, J 4 £9OOO, equal to 6 per cent. A of balance-sheet flfttrca »' ,w 'fifflSfflm low.:- ■ r«"*fiMiil liabilities— „ u **i?m Capital: ncndOO IW.d Ordnary •• iSM 4K#I Ist preference, 10 p* JgMgg JffiSSf 2nd preference, 10 p.e. l60 ' 000^Mlt; 3rd preference, Bpo. • -Jj kWuM. l Insurance fund • • .I'SolS 1 ®! Depreciation reserve ".«•' tf J|g| Mortgage, special credl- WWil tora, and banks .. «S,BW « p| Trade creditors •• 299,8 H "K,g Profit and losa •• 7 *>«? ''*s§ ASSETS— . ' MgM VHfim Freehold .. •• "J*!?! jJsoBI Machinery and plant 245,616 Mft3| Furniture and flttlnga \\\f Jsm stock .. •• "Ji'SflS njem Debtors .. •• JHH jjjStfl Investment. ;; «g? A ,uasn . • • • a inn AW«w deducted horn *•'«■« The report atatea that «f. V*tattrt«S moat trying in the company'; *t» raH| this there contributed an tations of hosiery and wry I«P H of tubular knitted goods for w» ture of underwear, which cam* country under a low duty. 0»n «• »SjJPi cultiea, turnover was m»>n**'{|i« '»j"ys*»| tory figure for progress has* been partments as to create frag f"%S\h mm turnover of the company. largely contributed to b? tha full fashioned hosiery, underwear business. In the baton f*£SMgflt the present year reserve' w r , i aMsjHg& have been deducted from «"V p ffi*»#7 the provision has be« mad*. >*£fiß& ample provision for dapreclatioa-«»» jS*> made, the directors state. - '■»s&<