COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 658, 8 November 1909, Page 10

COMMERCIAL ITEMS.

' f y INVESTMENT'SHAKES. • ■' . • No; 1 business was reported 'in Saturday.' National Bank,, buyors. £5. 195., sollers £6 Is.: National Mortgage, buyers'£2"l9fc, sellers'£3 Osl 6d:; New Zealand arid Biver. Plate,', buyers £1. 155.;. Wellington Investment, buyers Us., sellers lis. 6d.;',foilding Gas, buyers £1. Is,; Napier . .-Gas. sellbrs :£l2'-75.-, 6d:; Palmerston North Gas,' " 'buyers £7 155.; : Wellington Gas, £4 .10s. paid, ■ aollera £14, now issue, buyers >£2 5b.; premium; National Insurance, ■ sellers ; 9s. 6d.: South British,- buyers £2 135.; 'StiliMard. Insuranco. sellers..£l/2b.- 1 9d.; Gear .Meat,i:£4 ; ' paid, buyers' £10 65.i..£l paid, buyers £2 125.; Meat Export, £2 12s. ..fid. paid., £2.155., sellers' .£2 175.; New Zealand -Shipping.'l buyers £6 18a.; Hikurangi Coal, buyers. 18s.': 9d.; Tau'piri Coal, ' buyers, 18s. 9d., sellers 19s. ;6d.'; Westport Coal,' sellers'.-'£6 ■ 55.;, WentportfStockton Coal, buyers 6s. Gd.,* sellers 75.; lieylarid-O'Brien Timber, buy- : ors'..'£l 35.; New Zealand Consolidated Dental, : Betters £1 4s. 6<L; Sharland's ordinary, sellers £1 os. 9d.. preforonco £1 os.. 6d. ; Taranaki Petroleum, buyers 75.: Ward and Co., broWery shares; : buyers £4 7s. 6d., sellers £4' lls>. Wellington Opera House, sellers i. £7 17s. 6d.- Bycroft's, Limited, Bellers 16a. 3d. LONDON MONEV .'MARKET. ■' '•''.No chango .was made . 'iii; the., Bank - of Englarid 1 rate,lost week, notwithstanding that there was- '■ a further shrinkage,of £92,000 'in the. stock of gold' coin' and bullion. The .shrinkage is '. small | 'with the movements of the post lew 1

weeks, and it may bo that tho Court of. Directors consider tho present 5 pep ■ cent, rate. suf- : flcient for tho tnomcnt. There would, naturally , exist an unwillingness,.to, hamper trade:,with:a:, ' higher rate. '■ Another"'factor-in' the' situation '.is ■ . tho probable far-roaching oUcct of tho now departure of tho Bank of -France. - This institution has opened a "foreign.- portfolio," which . means that it will admit to'its discount commercial- pap»r drawn, on foreign- centres.' ■ The BanTt.'of Prance' temporarily opened Such a port- . folio for tho'Bank-of England during, the crises ! of : 1907 .and 1908.' Hitherto, the definition of "for- 1 eign"- paper by the authorities of the Bank >. of Prince' has been very . restricted.. A • bill ■ drawn on Paris, or any place ,in France, or • made payable in France, by endorsement, is not- "foreign" paper,; no • matter from what' part ;of the "world- it originates. On .the contrary, all paper, drawn even by Frenchmen on other" conn-. tries,'is ."foreign." -The former class:"of bills has ; always been discounted by the, Bank 'of• Franco,-and : tho latter "are. now' to bo. >,ad- . mitted to tho discount, portfolio under; special . regulations. Tho international -money market 'mill benefit.by. this.-/ ; • NATIONAI; INSURANCE COMPANY.-. -The balance-sheet of tho'National Insurance. ■■ Cotapahv. of New. Zealand -if.or 'the-year ..ended' .. September 30. 1909, 'is" as satisfactory as/usual. ■ premium income for. the year amounted t0'£119,146; the losses:; amounted . to " £60,201, or -' 50.53 per cent. ,:of ; -the • premium -income'; the . •' : expenses .aggregated.-£45,879, e'eual t'0Y38.60 'per- ■ cent.,-leaving tho underwriting " profit at , £13,066, or 10.97 per cent. Tbe"principal figure's ofthe, balance-sheet compare ■ with .those, given.' in ' tho' .■ • previous document;as under;—." .. ' • '• . . 1908. 19C9.,, Premium income '.i..'i'.U.1.......^.:..: : 'i13,171 ■' ' 119,146. . I. Losses 59,5C4,'. V 60,201, , Expenses . -39,483 '*"45,879 Underwriting profitl4,lß4 i''13,066 •Interest and rents ..................... 16,406 ■- 17,361 v .Unclaimed dividend■' —' '5 . ■Added to reserve 15.0C0 " " 15,000 Dividend ; 15,000 ; ,' 15,000 Carried- forward ... : ' 29,929 : .'30,361 ■ Eeserve fund ........J.... ; .185,000 ",200,000 ' : The net' income for the past year amounted to £30,432, and there . was : brought ■ forward i £29,929, making available £60,361, out of Y.'lpch i £15.000 has been added to' the ; reserve fund. which.now stands at:£2oo,ooo,'the dividend,of >' Is ,6d; per. share absorbs £15,000, leaving £30,361 to be carried forward. The. expenses of manage--1 ment wore £6196; hut this is partly. accounted 1 for by tho expenditure' on tho reconstruction > of the company, which is now a limited liability . concern. ■. . , - NEW ZEALAND-SHIPPING i : .The report of .tho'directors of tho New/Zealand • Shipping Company for the year ended Juno 30 last, submitted to the'shareholders 'in London, was as follows:—"The directors submit accounts to .June 30, 1909, and', recommend a dividend of 10s. per. share for the year, free of income tax, of which ss. per share was paid April 2, carrying , forward . £12,355 19s.' lOd. . The ' new• cargosteamer Otaki, fitted with, combination .'engines, ' was delivered, in November. 1908;. A contract 1 has. recently been made with • Messrs. William ' Deilny and Brothers, for a new- passenger stea- . mer, which will also bo fitted with combination > - engines, and will bo delivered > next year. -: The 1 'new .passenger steamer Ilnahir.e, referred ,to .in .the last report, was successfully launched on; - August' 19 of this year, and will •be .delivered j' about, the-end of next month." Tho, directors .- retiring by rotation are Mr: William C. -.Dawes, . Colonel 11. y M. Dawes, and . Mr. G. T.; Haycraft. ; who arc eligible for re-eltciton. The. huditors - also retire, and ofier themselves for. reappointi ment." , .•• The -net profit for-the year,;, after'deducting . depreciation, insurance," -Londdn' and' . colonial • 1 directors': fees;- ajad the sum of. -£10.C00 ' placed to insurance fnnd. waß .£42,722 6s. sd„ the 1 expense amounting to;£2sßo,.and £654 was, spent' ■ on office alterationsi;General'. expenses .were-. | larger by £2691. , " ; ' ; ; -..LEYIiAND-O'BBIEN TIMBER COMPANY. •' : i" The',balance-sheet of'the Leyland-O'BrieniTiin-i ;ber Company for tho year- ended-Sijitember-30' last has been circulated. The net profit'..for.the I .period; amounted t0..£10,938 16s. 2d'.„- ahd;"£B36. 3s. ;6d.'was brought forward from tho previous year, making the'; total available ' for, distribu-> ' tion-.£11,774 '19s. Bd. "Th^s.has^bcen. appropriated as followsTo payment jf; a dividend of 75 - per cent., free -of 'income .tax,..'£5250; added .-to ; reserve - fund, £5000 bonus .to, employees. £275; ' direotors' honoraria, ,'.£500; and to carry, forward £749 ,19s. Bd..' .Tho £rp"ss incomc from 'timber, ' ship's earnings,. interest and ' transfer: fees, - .£47,113. 2a. 2d.; tradeiTOXp'enscs'; .wages,' salaries,' ana discounts absorbed" £30,362 , 2si 83:; .other ex---pens.es accounted for'-!£4095':135. : 5d., the" sum. of i £895 10s. Id. was. allowfed-.'for;'bad : 'ahd doubt' I ful : debts, and £820;U95. written, . off iplant,, , .steamer,, and leasehold* Tho company exhibits' .'"'an' exceptionally strdrig financial . position', and £ ithe-shares.are demand. i: i --' MOSGIEL WOOLLEN-FACTORY COMPANY.' ' ; , ' -The balance-sheet .of/, the Moßgiel-Woollen "Fac-, tory. Company, Limited, for 1 tobe'r 6. is now availa.ble.''' Tho nct"-profit '-for. , the 1 year amounted- ;tbV£723o,' ; and;;'£B66..3s.i, 6d.' , -was. >brought forward:'from'-tho,. /previous-year, i " making availablo £8096 '3s.:'6d. , Outl of'. this! a '.. ,pum :of'.£2sCo. has been-l.w'ritten. off for deprecia- , tion,' the dividend at: tho ..rate-of- 5J .per. cent • :absorba £-H50,35. 3d., leaving ,£IOO6 .Os.i3d. to'be ,- _calricd forward. Duriiig tho year additions-to' 'buildihg and manufacturing plant were madcat : a .cost of. £8310 35., of, which £1000 .came out : of . tho' provious year's. profits,. leaving • a sum "of £7310- 3s. to'be."charged-to capital account. Tho assets: of tho,.corapsuny'„incl,ude buildings. and plant lOdi, land- account: £3795 Bs. - 6d., warohohso (property £6000;, office , fumititre. l £200,book debts! £8430 7s.- 6di. unexpired insurance i premium £131. IBs. - 9d.,.',stock £49,491-. 195., . total \ £132,232 19s.t7d:' The liabilities consist • of: capital ! £83,457 dCa.,v reserve .fund £16,00Q, .Marine lils'ur-' . • anco fund i£SCO. loans payable £18,000,"Bank-, of: . ' New. Zealand"£7l37 18s.: 10d. ; bills" payable"' £391'.'' ; ■ 7s; 9d., dividends unclaimed £2 9s. 6d„ outstand-' ing! accounts £1147,/.. balance vof 'profit-"and-loss £5596 M.'6d. '....v i STATISTICS OF INDIA. The forty-third, statistical ip.bstract' relating to' British .India has just., been -published by the' India Offico. The • tables deal -with ■ the years i 1899-9; to 1937-8, and convey mass'of infor'ma-' ' : .tion in' regard to-the, population, iizances,-.trado, 1 '• education, J-agriculture, ' railways, -,' and ':, other ' , -.Within it& ..'area .',of - .1,773,2C0i:-BQuaro .'miles ■ ,; .India/tit islshown.'.haa'a,population.of,;294,361",OCP .. ' The 'gross ' revenue .during;-the'-past' year- 'was ■■ £71,000,000, and - tho expenditure £70,697,000, the - net ~revenue • in: India- being . £18,075,000, and. tlic ultimatc 'result v a eurpluE'-of ,'£306,000..- ■ ". .. ..- ■" , Figures relating to agriculture .show "that, of , tlio', net area.. "of '619.456,000: ; ncrcf, •tHorc were-." irv ■ • 1907-3' a total.-of' SJr.EOO.CCO acre's under forcst.'and' 210,884,000 acres sown -with' crops: ■' Grains" of- : "vavlong kinds constituted! '186,368,000.:' acres; of, this. t'otal, 2,877,000' acres,.were-under sugar-andi 1 13,909,000 acr,es undpr tea.',..,-Tho ' yield- of VriQe ■ during Vth'ei-year was 387,300,000cwt. "acd-.of '.tea! ; 248,000,0001b. - ~.-n i Railv,-ays show a total mileage ,of .30,6C0> mileS' 1 for 1 1908, or an increase,of nearly .600 miles . 6n. ; 1907. ; .. The "capita! outlay has' been . £274,600,000'. i and' the' lines- employ a. J total staff-0f''626,000- . persons. , The net earnings, in; 1908. amounted ;• to £11,883,000, ..but the/ railways ,' last, year 1 re-' • presented, a loss, to--the.-State ~of ■ £1,558,000., . Jn„ l'egard-'it'o .'joint' : stockV ; cdmpanies:'.there • wefo ■in India last' year 2061 companies .in all, 1 with'.' a 1 total paid-up: . capital '''of- : .'£33,876.000: -. These figures compare .with": 1922' companies, , " with , a capital of' £29,600,000, In' 1906-7: Over SCO. • of';the6e ..wcre trading.companies; just-under .500 i" being;,banking' and loan concerns; 200 co.tton mill' s companies end 135 tea companies. ■ I'he import l : ant .industries::of,' cotton', and'^iute'' 1 wore- repto-. ' sented: by 22T'and 50 mills respectively, • eifl'-J ' ploying,- a total, of. 225,400 -. persons. daily, ..in • tho ! cotton, and 187,800' in the 'jute mills.; : Classified by religici's, according, to the .census, i' of-1901, it ia seen that out of the: populatioo' , of 294,361,000 persons, no fswer. than 207,000,000 aro ' Brahraans, . ' 62,000,000 : Ilohammedana, 8,600,000 Animists,. and 9,500,000 Buddhists. The propor-' )' tjons are about seven in every teii Bralunana , and two in ten Mohammedans of the-entire popuJ" lation', . . ■ - ■ . WfOEKMEN'S HOMES. , : With the laudable object of ameliorating;, tho:. r lo'y of . its employees, and at the eame time of > roride'ring the service nioro attractive to the lower-paid- staff, the directorate of the. .Great' Southern Railway Company, of.'Argentina, has decided to offer the men facilities for the ,build-" ing and acquisition' of. houses to bo occupied ' as their homes. The directors''scheme provides • for the, loan'- of the amount necessary at ; 4 per" i cent.-" per annum interest, and tie entire debt must be amortised, in - ten years by .monthly payments. The purchase- of a property, having been sanctioned, the 'deeds will be made out in the-name of-tho company, the title beingitrand- , fcrred'-.to the l employee::'as .'soon ,as : the.;-debt has :been.,.wiped out. The' plansi .and- sie'eiflea-, tions for the liouses be approved .-by the- '• company, so'as . t0,.-pfeV'eiit,, employ,ees-j- from . buildini on too large or lavish a' scale!'" The ' houses-are not'to.lie'-briilt.for, speculative nur ; ' pbses.' nor can- they, ho - rented without '.the',:ion- ' sent of the company. Any. employee who leaves : the service' of, tho. ; company of -.his own ;accorcj ■ or c - is 'dismissed, will' have .to. pay..Qff the ' reI maining..debt/within':two' months, from'.ithp time. ! of,,his leavinguth'e i.service .of; the' 1 coippaihy, ; -If; he*.does not".pay off tho'Bum' due, ho!will re'-.-ceive the amount already, amortised of -tho idebt," The. scheme,,it is. expected; will tend, to ensure ■' long-and faithful'.service;on the'.part of ; tho'.members of" the .-.company's staff, ■ : other hand, :will'.,bo.-inl-a',,better ppsitjpn.f.'.'to save •' money, and; ' what...is. niore' to the point.' will ho delivered from.grasping landlords. :wh"o| ; of,recent.year's.have,beenVsteadily raising rents ■ ■ ■ in. Argentina in , every direction. • > >.. • . • 'Customs ' revenue, collected ot> ' Saturday amounted' to -'£1383'. 6s, - r 4d. • The'total, i for. the week was '£17,061;; l3si - 4d.,'!,beer., duty i amounting to ; £234 13s. .. .- I - WHEAT AND PRODUCE, MARKET. ' IclegrAph. I'l-rjf Anrurlntlun q„[,jrlcht.i | . (Eec. November 7,: 5.5,'. p.m.) j- - London, ..November. 6.-- . ■ Wheat—l4,ooo. quarters , Australian ' January shipment have been sold at 375.'3d. ' i' ' Babbits are selling well, though not as.'freely J M i fortnight ago. English supplies ore well' . maintained.. . -. •■ • Copra In-.easier. There is a fair-.busincsado-J ing in.South Sea in. bags'at:£2l "15s. ' Lmsced oil,. £32.155. N : ,• .'' . .-THE . METAI, MARKETS.'. (Rec. November. 7, 5.5 p.m.) --- London, November 6 ;- Cbpner.-tSRot, £57;„85. 9d., per - toiithree - months 1 ;- £58:135. 9d. -, V' ' ' • 1 '•. .Tin.—Spot..£l3B 155.. por : ton; tliree months'' ' s £140 17s. 6d. ■ . - ' ; Lead. £!3 per ton. . . • '. I: Silver.-rßar.isilver -is quotod- at-aj''6-i6ii.' »or r l . ounoß.ttandara4 : ,

PROPERTY SALES. : Messrs. H. .F. M'NciH 'i and Co.- rqport' having transacted ihe following Dusiness foil the months of "Augußt, September-and OctODor!'r3o,ooo acres r.un.: to •:a.'syndicate (pricll -withheld), situated . Ijast Tauto; 'block of 12 i'''oußoßr,'Situated Kent Terrace-and-Edgo Hill Wellington; price realised £12,5(10.:-Farm,of-12Ki-.'acres. free- , hold, near'.Shannon ; 1 , price realised, £12: per acre. Suburban, property-of homestead and 15 acres, known as; "Seaview," near., Wanganui; price . realised. £2000.- Farm 'of , 300. acres.; iiear , wanganui,- adjoining -old ; Misßion Station, farm; .price., realised for .goodwill of.- lease and ,improvements, £500. -BJock of shop property and .housesj'.iaitiiated Lowcii '. Ilutt; - pnee- * 'ycaliaod, Aleo.'- numerous city and'suburban sections, M v« .. . ' - " ' MINING NEWS. WELLINGTON 'MINING MARKET. " , >TKei..business. tratisactod" on-' Saturday! k was within emall-compaflß; the sales beinff as uuder:— May.Qu6eo, ,4s. 2d. mrst call).' 'Waihi; Grand Junction, 449.'3d445. *6d. v (acc» ■ ond call). • -. ' ;: Waitangi,. jB. 7id,', 3s. 7id: (second call). .. : v Boss. Gpldfields;\.lls. '-.-.r-• : A QUOTATIONS. > ; The latest quotations, with-last recorded sales.

, The course of sales daring'the past week was as under:—. ■ •, •• . v.. . - May' Queen, '4s. Id., 4s„ 4s. - Id., '4s.' ljd..-: 4s. 2d.. ,4s. 2d. . How Sylvia. 4s. .7d.', :4s. 7d., 4s.'6d„- 4s. 6d. ' .'Saxon. Is. 4d.--'' ■ '.. , Tairua Broken Hills,. Is. "4d., Is ' 4d. : Talisman; :505., 505., 505.,' 50s„ 51s.', 50a., 51s. Waihi, £9-165.-6 d., £9.175.. £9 17s. 3d. - Waihi Oonsolidated, . 55., 4s.' lOd. • Waihi . Extended, 55.. 3d., ss. 3d. ' . Waihi' Grand' Junction, 455: 3d.. 425.,' 435., 435. : ft 435. Bd., 445., 445, ,3d,, 435. 9d„> 4!5. ! 6d., 43s ?d„ 455. 3d., 445. 9d.,' 445.' 3d., 445; 6d. . ._ Waitan|i, ;3s.r9d ' 3s, 9d.j 3s. Bd., 3s. 7id„ Js. 7d.,- 33. -Bdi, :35.-,7jd.. 3s. 7Jd. '• '• . -Watchman, 2s. 61d., 2s.- Gid., ■ 2s. Bd. Consolidated Goldflelds,'l7s;,'l7s. . Progress, 12s. 3d. ' ■ ~E o? | «oldficlds,;l4s. - 6d., 145..Cd., 12s. 6d.. 12s.' 6d., 125., 6d., lls. '6d., lis.," lls.'6d. .DUNEDIN.STOCK ESOHANGE. Press Aasocl&lloDl Ounedin, November 6. ;-.Stock,';Exchange isalea:-Standard .Insurance j225..;6d; .-Eeportod Bale;. New,;. Zealand Crown ■Mines; -ss.' lid. - j . • • WAIHI • GRAJfD'; JUNCTION. - : (By Tclerraob.—Spccl.-il CorreflDnndenU - • ■ *' .; AiicKlarid, November '6.' .. The .'following, cablegram': has. been dispatched ,by the; miiie superintendent of-the Waihf Grand Junction mine : : to-'the London office i'-"No. !: 5 ;19.v01.' crosscut, has .been; driven-.south -995 'feet, iand-'has"- intersected.'a- quartz"-,body •48 - inches wide, assay value 16s. .-"Tho .face ' is shov7ing country rock." ... ' v. .' •; i ' ■■' A i.: ■'. OMVjHATJRAKI. i" •. . . (By Telegraph.—Special Oorrespondent.l • . t \ Auckland,. November- 6 •At Van - extraordinary;.; meeting . of' shareholders in ,the Old Hauraki gold mines, Mr. J; :Earle,' 'chairman/-stated/.that- when- the .manager, of ,11:o, company I !'} mine discovered rich, stone in the: ® foet';Jevel -,soinp fe\T,;.m'ohth3, ago many;, of '..the, largest ' sharcholders upon tho board . 'and'.suggested . the' advisability, of pushing -on iwith' more -men.: at ithe ' 330- feet and -405. feet ■levels.; 'I,'br, board was at. 'one: 'wilh ; the ' share"holders in this, master, but nri puttincon-. more underground' labour - meant moro'' ciDenEe -lhan ,tho, ordinary reyenue.' ; wbuld f provide for, 'it Was thought' best, ,to make sure • that there was- a treasonable, chanco of getting: a -return for- tho -extra-, outlay-; before calling ' tho shareholders -together.'' Afterv getting the - rich.. stohe.-'ifithe crosscut' ; at the'Wo;:feet'.level,'.the manager .'had 'found' picked .'stone ■•ih'..',tho''. wfnz6"' between the 3'oo \fcdt and 400 feet .levels, picked stone at ; the :jUtction : ;of; Nos. 8 and.-9 reefs, 300 feet'-lovel,: , and .colpurs .arid blotohes; of gold in the No. ■refef,; also;: ih tho ' ■ f Tho: manager and Mr. Warne hoth give it' ae .thbir-.opinion that%ext^a i , l lab,Qur.,in.Hhis'ivioinity should ,meet - with'- gSbd. rp'siilts.. The .question of, finance then'came, in.-The-present 'revenue from oalls yielded S[t>7o-each nine or ten weeks. Out of this the pumping costs quite £100 per mdlith, ahd the balance only allowed them to •keep, six .underground workers. The directors therefore asked'.the shareholders to allow them to mako one special- penny-call; This .would ;brhig in £870, which -would be set apart for 'oxtra, labour in the places whero they had the best chances of getting gold, and would allow them to put on sixvto- ten 1 extra men at onco, .They had now started to rise in the' winze from tho, 400 ! feet' level, and .as .soon as th-irion were, far. "enough'up the manogor ■ intended stoping from, tho ..bottom of. that",'winie''. back' .to. the 'place'- where 'Mr. J».miesdn'.''fbuhd :l the,.first' lo.t of - -picked, stone. The-' ohairman . accordingly movtd in order to allow-them- to do this: "That Article. No., 11 6f the 'Articles, of- Association of the icompany- bo taltered' by. substituting' tho, ■' f.or; the 'two -montbs'- in the' •' , saidi, articles.",' ;By carrying', this', 1 he .added; the' i: . shareholders ' would ' empower ' the to . mak'e' an extra .penny call per month.The-mo-(tiony was'carried.' . .DKEpGb?G:-itE i njßNs.-. : (By Telegraph.—l'rcss Association.!. , , .-.'iDuncdin,. November".G. ; ; • ;Muddy .. Creek; ■' "No; -','l,: 340z. 7dwt. :".'*-No.' .2,,;i300z,'.' : 3dwt.'; '• • >Vaikaka-; iJJnited,'."No.' i, ;220i.'-2dwt,;■ No;,-2? ■ 20oz'. 4dwt.;-*Otago,: No.. 2,''4602;; Bising SuiS.'67oe. :16dwt.i..P.unti 190z'. ! sdwt.! Olrig, ,7ov:sdwt.i Golden-ißedi- 58oz'.12dwtiii Alexandra Eureka;- 390j; ;- :Manuheri!iia; ;J7«K!\B»ndy Point, 3303.-.;lldwt.::Ohidago, : 320z.'-2dwt;;,-Biley's Revival;',32bz.';...Eiso add', Shine; -No. .2,' 280z.. 19 dwt.i.Molyneaux Hydrauli6.:,2Boz,Vil6dwt;i'Enterprise, 7oz. lldwi. ..v.. ...i, , ■.

wcroKas:;undcrs— ■ .•■■■■ Buyers.' Sellers. 8a!« 1 £ »"<J. •■£ s: d." £ s. d. Dixon . Consolidated ... O'iO-7J . O' O 9 — :Dominion.... -o' o' 41' , — Golden-Belt l 0 ■■■■' ■ —' — Kiir^hui'Caledonian j'O r 1 3: "' 0 : 1V. 4 ■ r ' ' May Queen.'..'....:.:....;:;:.. 0'i4'-0 ■ V. 2' Maoriland. 0"0'^9'-' 0.011' ' ' —' Mountain- King-....-..:;.;.../. '•■— . , o 1 1 ■' — .NMr-8yiTtet4 IO ;o• 5il• ■.>-!••:. Boyal =1:8 ' ' .Saxon'- 0 '. l ' ; 4 ' Ov.l' 5w :Tairna Brolien'Hills 0> 1 3'- ■;_■■■ Talisman'; i\i\6 • 2 12. o Tangiaro'. _ ' 0 0 4 1 — ' "WAihi'. '9 17! 0 ■ — ■■ ■ —' ■ • •Wallu. Consolidated-•. • 0'5'0 x •Waihi Extended . ;i.-'— 0 5 3 — Waihi Grand Junistion 2 :4. 6 — 2 4 6 TVaiotahi■ 0 '4 10' ■ — Waitangi V..;.0.3'. 7 . .0,3. 8.'.'0,3 75 Watchman.-. r.-'.o. 2 8 '0 ■ 2 10 — ! Oori.-Qoldflelds,.'0 16 10: _ Progress- '0 12- 0 ■ r 0 12 6 — ' Boss' Goldflelds •;... 0 11 0 ■ 0 12 0 0 11 6