GOLD MINING

Dominion, Volume 27, Issue 252, 21 July 1934, Page 10

GOLD MINING

Latest Returns Golden Dawn yesterday reported to the Wellington Stock Exchange that for the 12 working days ended July 9, 313 tons was treated for a realisation Of £l3lO, estimated at £7/2/- per ounce. By Telegraph.—Press Association. Dunedin. July 20. The Bell-Kilgour return for the week ended to-day was 420 z. 7dwt. 12 grains. The Paddv’s Point Gold Mining Go. reports that a paddock was completed two davs ago and produced 28oz. 14dwt. The time t"'‘en. 6} weeks, was longer than usual on account of severe weather conditions.

Kawarau Company’s Position By Telegraph.—Frees Association. Dunedin, July 20. The directors of the Kawarau Gold Mining Company, I,td., advise that the announcement made on Thursday to the effect that the Kawarau dam gates would be closed in thr-oe weeks' time is without foundation. The affairs of the company are now in the hands of the London principal and no advice has been received from them with reference to the closing of the gates. It is -ointed out that a considerable amount of work has been involved in the flotation of the company in its new form and that negotiations with a London issuing house have but recently been completed. . English Grain Markets Bv Telegraph.—Press Assn.—Copyright. London, July 19. Wheat : Sellers o f cargoes to-day were asking 6(1. up and parcels were 4}d. to 7Jd. up. ' - ' Futures. London, September, 21/8 per quarter: December, 23/-. Livernool. July, 5/2} per c’ental; October, 5/5 5-8; December, 5/81-8; March, 5/9J. Spot trade is firm and business better. Australian ex ship, 26/9 to 27/- a quarFlpur is firmer. Australian ex store, 18/- to 19/- a sack. i' Oats are tending to higher pricw. Peas and beans markets are quoted steady. DOMINION INVESTMENT Reduced Dividend Dominion Special Service. Auckland. July 20. A further contraction in net profit is disclosed in the eighth annual necounts of tlm Dominion Investment and Banking Association, Ltd., of Auckland, for the year ended June 30. , Net earnings amount to £7086, against £8974' in the previous year nnd £10,971 in 1932. With £938 brought into Hie accounts there if £8524 available. The directors recommend that this should be dealt with as follows: To payment of a dividend on all classes of shares of 4 per cent.. £"665 • to reserve fund, iimre-sing this funrl to £q f l')o. £560; to cinitini'encv reserve, iin’.'enxing it to £3500 ■ £500; and to carry forward. £919. The dividend is ft reduction of } per cent, on the rate paid last year.