MINING

Press, Volume LXXI, Issue 21464, 4 May 1935, Page 13

MINING

WAIHI COMPANY'S PROFIT - 1)IVI!>KN!> FOK YEAR, 40 I'FR TENT. , 7HU i'ilZH- Social S«r/k'«.J AUCKLAND, May 3. The tfcout-M of the Waihi Gold Minifi* company. Ignited, for the year JU D «c-m».,r 3.. 1934, disclose a net profit: <:,f £121,80;;, compared with £lll7 080 <.<ui'.'-'d in the previous year. The dividend for the year is again 2i a shun <>'- 5;, or 40 per cent. In Iwitioji the directors announce pay£j£t of an WM-nm dividend of 6d a Sure for the '-urreut year. Accord-ntf '" advice received by Mr r< G AMii-'ari. Auckland director and BiW-ier ;!><• profits for the year wore "j-2M.trao. Taxation required £7« m and depreciation £5497. the balance w:th i; 0I,(>10 brought forward hAtvi The interim dividend 2 "J n share absorbed £40.591, leaves "a ki!-m;.v <>'■ i: 13«.H3'J. The direc*eris recommend payment of a final dividend of In a share, free of tax, uayoh'-- wi Mav 17. This will absorb foffl) having £87,243 to be car«•!«!'ff.rvard. The dividend is paid in cirre-iey. The interim dividend' <:f tid a ;hare free of tax has '>ee'n dco'ared on account of the current* year, and j; also payable on May VITin; dufciur, state that payment of a'i" iiit'.Tirii dividend does not necessarily indicate an increase in the usual rate of dividend. The annual meeting will be held in London on -May 10. The direc'ors advise that proposals with reference to the future constLtm;ur. of the company will be submit;.,;u \<> -h-ireholdor-; not later than *u'.i,ic;n, KIV, SOLOMON RETURN ?■»»»? i»»OClj,T!!."B TZL.XSa.IM.) INVKRCARGILL, May 3. Th<:' return for eight days' work -At Mmg Solomon nunc amounted to 990z 13dwr. (,ou>riF,U)S dukd..;in<; UKTL'KN ..*Sl.'t HJMCUTIOB TKLEORAM.I DUNEDIN, May 3. The :;ecreiary of the Goldfields Crsidair.i-I Company renorts a washvi if y; "220/. (idwt for 240 hours' drodgm:sDico uoldligiit mt'ti I i iv'.UT! O9 IBLEQBAiI.) DUNEDIN, May 3. The Mxreta.'.Y of the Bendigo Gold--I,'int Dredging Company reports that wn».ri one or two minor details aro tunph. Ted. the dredge should be ready fcr u Iriii! run ir< a week's time. waimi'.mi; lua't'iix tlllt UHOCUTZOI tci.sobau.) GORE, May 2. The Waimumu return was 19oz 9dwt for 15 days. TALISMAN IM'BBO RETURN Sixty-five tons were treated at the Golden Dawn Battery for £322, actual realisation. MAHAKIPAWA REPORT The report for the period ending May 1 ijtatv. The leading face has been advanced 14ft without any change in the width of the gutter or the nature of the wash, 'lhe walls are still hard and polished, arid the floor smooth.. We have passed over one small depression, but there were no values in the waith. in the deepest part, where the JKiHom is about Bin from the floor, the width (A the gutter is 2ft. About halfway tip the face the width is increased *o 7ft, and from here both walla are tnnn: or le.-s perpendicular. The posiV« of the iot in now 1365 south and 157 Vfst of main shaft. Crosscut South has been driven a further Bft into very hard schist bottom. This has been necessary as the ground, ovvmg to the presence of old wormimjH, is verv heavy, and we had «o proceed past the crushed area into '■he sohd before attempting to rise. We ■ire now squaring off preparatory to cisinjt up to cut the wash again, should 'ha wail turn over fiat after rising a reejoriUble distance. The co-ordinates ■>f this face are now 1447 south and 128 wfi--':. MOTUJOA Oil, FIELDS, LTD. The following report, for the month of April, ha.; been received from New Wymmiih: Moturoa No. 4 well: Produced 423 a imperial gallon.-; of crude oil. Total proeuelion to date: (JO.MCi imperial gallons. Moiuroa No. 2 well: Produced 10,080 :n;penal gallons of crude oil. Total firodutti --■ll to date: 632.559 imperial ".aliojin, Motijixa N'o. 1 well: Produced 1575 imperial -aiions of crude oil. Total product i-.-n trj date. 7703. THE METALS MARKET 1 :,*;;:;. .;<•.;■( t ; i"ni.iT»ri-nv KI.XC'iHIO ! .•:!./.■■i.-.Ai'a —< iu ; v;;|fiiiT.i

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