MINING

Press, Volume LXXII, Issue 21811, 17 June 1936, Page 13

MINING

WAIPAPA BEACH (»»»■■ iUOCUTiei TILMUMJ DUNEDIN, June 17. Waipapa Beach reports a return of 23ioz for 130 hours' dredging. The company announces a dividend of Id a share, payable on June 25. ANTONIO , S SLUICING The Antonio’s Hydraulic Sluicing Company expects to start operations withhia few days. This claim is m the vicinity of the Worksop Extended dredge. Owing to damage to the dam, repairs had to be effected, and these have now been completed. The heavy rain which fell early on Sunday morning should result in ■ujjcjjrt water being available to continence sluicing. NOKOMAI IXHK PRESS Special Service.) DUNEDIN, June 16. The annual report of tne Nokomai Gold Mining Company states that the actual gold won by hydrauhc elevah. ing during the year amounted to 710oz lldwt, valued at £5007 8s lid. This showed a slight loss for the period. A further return of 550z lldwt, being the finish of the final paddock for the year, came to hand a few days aftar the books were closed. Had It come to hand earlier it could have converted the loss into a profit. During the year the Nokomai Gold Dredging Company (tandon) faded to float the new company, and all negotiations were cancelled. A satisfactory basis for the final settlement of matters in dispute with Industries, Ltd., and the Vulcan Company, was arranged. Afterwards an option was granted to the Burma Malay Company to bore the property in conjunction with an option over other areas. This was abandoned after one 8 boring, and the company received payment of £IOO. . The directors therefore recommend the installation of two 12 inch gravel pumps working in series and their necessary accessories, at an estimated cost of approximately £BOOO. They consider it advisable to raise by way of a debenture issue the sum < than £12,000, out of which £4OOO Js payable to Industries, Ltd., in the terms of the agreement enteredinto with that company, and the directors recommend that the balance be applied in purchasing and Installing the two gravel pumps. FOREIGN EXCHANGES

FOREIGN EXCHANGE RATES The Bank of New South Wales. Christchurch, quoted the following rates as ruling yesterday for its sales and purchases of foreign exchange. The rates are subject to alteration without notice:— Buying. Selling.

DOLLAR MARKET RATES The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Canada. <Per*lN.Z.) dol. dol. Selling— T.T. .. 4.031 4.04} O.D. .. .. 444« 4.05 Buying—--08. •• .. «4*| 4.081

(BRITISH OFFICIAL WIRELESS.) RUGBY, June 15, Par. June 13. June 14. Paris, fr. to £1 124.21 76 23-64 76 29-64 New York. dol. to £1 4.866 5.0211-16 5.031 Montreal, dol. to £1 4.866 5.031 5.041 Brussels. belgas to £1 33 29.71 29.77 Geneva, fr. to £1 25.2215 15.56 19.57 Amsterdam. fl. to £1 12.107 7.431 7.441 Milan, lire to £1 92.46 63 15-16 6315-16 Berlin, reichmarken to £1 20.43 12.47 13.49 Oslo, kr. to £1 18.159 19.90 19.90 Stockholm. kr. to £1 18.159 22.391 22.391 Vienna, schgs. to £1 34.565 261 261 Prague, kr. to £1 164.25 1211 1211 Helsingfors, marks to £1 193.23 229 229 Madrid, pesetas to £1 25.2215 36 55-64 3657-64 Lisbon, escudos to £1 110 108 7-16 108 7-16 Athens, drach 534 536 to £1 875 Bucharest, 818.6 677 678 lei to £1 Belgrade. dinars 25.2315. 22.2 223 Rio de Janeiro, pence to milreis 4.899 41 41 Buenos Aires, 51 pence to dol. — Montevideo, 381 38 11-16 pence to dol. 51 Bombay, pence 19 181 181 to rupee Shanghai, pence to dol. • 147-16 1413-33 Hong Kong, pence to yen • 15 7-16 157-16 Yokohama, 14 5-64 145-64 pence to yen • Batavia, 7.391 7.391 guilders 12.107 Warsaw, par 43.36 zlotys to £ 1 — — •Determined by price of silver.

London— £ N.Z.to £100 stg. T.T. 124 OJD. 123/10 124/10 124/8/9 Australia— £ A. to £100 N.Z. T.T. 101 100/10 OX>. 101 100/10 Fi £~F. to £100 N.Z. T.T. 90/7/6 89 CD. 90/7/6 89 New York — Dol. to £1 N.Z. T.T..4.07g 4.03S CD. 4.081 4.041 Montreal — Dol. to £1 N.Z. T.T. 4.08 4.04J CD. 4.091 4.05 Austria— . Schgs. to £1 N.Z. T.T. — 21.02 CDx — 21,04 Belgium— Belgas to £1 N.Z. T.T. — CD. — 23.776 23.787 Czechoslovakia Crowns to £1 N.Z. T.T. — 96.67 CD. — 96.72 Denmark— Kroner to £1 N.Z. T.T. 18.203 17393 OD. 18.263 17.903 France— Francs to £1 N.Z. T.T. — 61.16 CD. — 61.20 Germany— Reichmarks to £1 N.Z. T.T. — 9.966 CD. — 0.971 HollandFlorins to £1 N.Z. T.T. — 5.930 CD. — 5.934 ItalyLire to £1 N.Z. T.T. — — CD. — — Java— Florins to £1 N.Z. T.T. r5.882 CD. — 5386 Norway— Kroner to £1 N.Z. T.T. 16.183 15.893 OD. 16243 15.903 Sweden— Kronor to £1 N.Z . T.T. 15.785 15.490 OJD. 15345 15.500 Switzerland— Francs to £1 N.Z. T.T. — 12.411 OJO. — 12.416 Noumea — Francs to £1 N.Z. T.T. — 59.79 CD. — 59.85 Papeete— Francs to £1 N.Z. T.T. — 59.94 CD.— 60.00 Hon? Kong— N.Z. pence to dol. T.T. 18 25-64 19 57-64 O.D. 18 19-64 19 55-64 India and Ceylon— N.Z. pence to rup T.T. 22 9-64 22 57-64 OJD. 22 3-64 222 Japan— N.Z. pence to yen T.T. — 17 21-32 CD. — 17 41-64 Shanghai— N.Z. pence to dol T.T. 17 5-32 18 17-32 O JD. 16 31-32 18 33-64 Singapore— N.Z. pence to dol. T.T. 34 7-16 351 OD. 341 '39 31-64 T.T. represents Telegraphic Transfer. O.D. represents On Demand.