Page 6 Advertisements Column 1

Cromwell Argus, Volume XI, Issue 550, 25 May 1880, Page 6

The Victorian Parliament was opened by the Governor on 11th instant. The Melbourne International Exhibition is to be opened in October, and the estimated cost of it will he £320,000, while the receipts are expected to bring in £70,000. The Magclala quartz mine, near Stawell, Victoria, is now 2273 ft deep ; the depth of the deepest level is 2002 f t; and the deepest crosscut is also at the same depth. On Tuesday week a parcel of stone from the Conroy’s reef near Alexandra was crushed at the works of Messrs Kincaid, M‘Queen, and Co., Dunedin, with their small battery of stampers. The stone yielded equal to nearly 3|oz to the ton. The richness of this reef is well-known in the district. The prospectors, Messrs Bennet and party, have spent a large sura of money prospecting the reef, and have now about 100 tons of stone to grass ready for crushing. We understand they purpose forming a company to erect machinery and work the mine. A somewhat remarkable coincidence, and one which speaks volumes for the financial ability of the Treasurer of the County of Tuapeka (says the local paper) will be found in his estimate of last year’s county revenue —an estimate which, it may be remembered, was considered at the time to be excessive. It was L 22,300. The revenue actually received for that period amounted in round numbers to L 22.000, ,or within 1.300 of the estimate, ft is a noteworthy and pleasing circumstance that for the first time since the initiation of the county system the balance-sheet of the county exhibits a credit balance.