MINING

Press, Volume LXXIII, Issue 22195, 11 September 1937, Page 12

MINING

PADDY»S POINT KETLKN (PEBSS ASSOCIATION TELEGEAM.) DUNEDIN, September 10. ■ Paddy's Point Mine reports a washup of 58oz 15dwt for 42 days' sluicing " MARTHA MINE The following information has been cabled to London from the Martht 4 mine. Waihi:— For the period ended August 28. com- * prising 22 crushing days, 18,665 tons of -". ore were crusheS for a result of 4665 - fine ounces of gold and 23.610 fine ounces of sil\*er. This includes 210 S tons mined from the Grand Junction area, which yielded 420 fine ounces of ? gold and 1745 fine ounces of silver. Number 2 Level —North branch of Martha lode: At nine feet east, have f commenced rising and the first 48 feet ± assays 18s 6d a ton. The lode is about % two feet wide. No. 4 Level—East section of Ed- 4 ward lode: Driving north. The first 30 . feet assays 43s 6d a ton. The iode if " about two and a half feet wide. Number 6 Level—North branch of . s Martha lode, west of Espir cross-cut: ; This drive has holed to former work- | ings at 267 feet. f RAWANG TIN t At the annual meeting of Kawsng \ Tin Fields, Ltd.. the chairman (Mr A. 2. A. Henggeler) said that the company** | total ore reserves at March 31 were }' estimated at 75,000,000 cubic yard* ? containing 16 962 tons of tin ore. The | estimate followed the completion of J" boring of the main area. To equip this | section a dredge was being ordered. v * The company had ample liquid re- * sources to meet the cost. The com- ■» pany's Bang Toe property was valuable, but surface rights disputes ren- \ dered it difficult to cbta'n clean titles, . and progress was slow. The chairman. .* referring to the year's dividend of 7J _ per cent., added that the heavy eapi- „ talisation limited somewhat the ratet | of dividend paid by the company, it , was proposed to enlarge the power plant, which would eventually serve associated companies* dredges, and the ■"*,• outlay would be amply covered in fa- _- ture years by profit on power sales. "-; MOUNT MORGAN Mount Morgan. Ltd., advises that a dividend of 4Jd a share has been- declared. The dividend, which is in Australia* currency, ,is payable on October 11. COMPANY REGISTERED ' • The following notice of company regis* f tration is contained in the current ' issue ~.-, of the "Mercantile Gazette":— .-- Macraes Flat Gold and Scheelite Com- ~A pany, Ltd. Registered August 25. Office, "-* 166 Manchester street. Capital: £2OOO into 40,000 shares of Is each. Subscribers— Christchurch: H. A. Martin, J. Penny. S. H. Maddren. G. H. Congreve. W. S. Mac- . t Gibbon, P. N. Jeffreys, M. Stewart, all X each. Objects: Mining and incidental.

POPULARITY OF N.Z. BUTTER * DOMINION HONEY NOT OBTAINABLE [THE PRESS Special Service.] AUCKLAND. September 10. The exceptional popuiaritv of New Zealand butter on the English market was the subject of comment bv Mr C A. Wilkinson, M.P., who returned to the Dominion by the Akaroa after several months abroad. Mr Wilkinson said New Zealand butter was to be found in practically everv produce shop. On the other hand," Australian butter -was not accorded the same popularity, although it was very much advertised, some announcements • claiming that it was the best in the world. New Zealand cheese, meat, and fruit were available almost everywhere throughout the United Kingdom, but pure New Zealand honey was practically unobtainable, a blended type of honev being mainly sold. Lamb from the Dominion retained its popularity, and would continue to do so. "It seems a pity that we could not introduce our lamb into France, where horse meat is regularly on sale, and brings as much as 2s a pound." he added. Mr Wilkinson said the wool market appeared to be sound, and prices should be maintained. In America. particularly, wool was exceedingly . scarce, finer qualities bringing up to 4s a pound. There was, however, • general world shortage. METHVEN STOCK SALE Small entries of sheep and cattle were yarded at Methven sale on Thursday, and the market was quiet throughout. Figs were apparently in over-supply and son* lots were passed out unsold. Sales recorded are: Fat sheep: Fat ewes to32s W. Store sheep: Fifteen sound-mouth ewes at 24s 6d, 12 ewes and lambs at 15s lOd all counted, 77 f .m. three-quarterbred ewes «t 27s sd, 79 do. at 27s 2d. 170 wethers at 275. Dairy, cows to £9. Pigs, weaners from 14s to 23s 6d.