SOUTH BRITISH INSURANCE

Dominion, Volume 30, Issue 10, 7 October 1936, Page 14

SOUTH BRITISH INSURANCE

Final Dividend Unchanged The South British Insurance Company, Ltd., yesterday advised the Stock Exchange, Association that the directors have recommended for the approval of shareholders a final dividend for the year ended August 31 of 1/4 per share, payable on October 22. The dividend, which is at- the usual rate, makes a total distribution for the year of 2/8 a share, equal to 13 1-3 per cent.

Base Metals Market

By Telegraph—Press Assn.—Copyright. (Received October 6, 9.15 p.m.) London, October 5. The official London (middle) quotations for Monday, as reported by the Australian Mines and Metals Association, com Dare with those previously cabled as fol lows:—

Gold Mining Operations

Thte Rimu dredge clean-up for the period ended October 5 was 216 crude ounces from 56.095 cubic yards worked in 124} hours, says a Press Association message from Hokitika. Alexander Mines, TJmited Ims issued the following return for the month of September:—Bntter.v department: 510 tons crushed for 3140 z. 9dwt. of melted gold. Cyanide: 315 tons of sands were treated for 750 z. ISdwt. of bullion. Total estimated value, £2013. In .addition. 12.3 tons of concentrates were saved, valued at £351. In estimating the ahove values gold has been taken at 140/- per fine ounce.

The .Brian Born dredge. which has been undergoing repairs and alterations for some time, has recommenced operations after a lons suspension of dredging operations. The dredge is working intermittently for a week or two until the motors and plant generally are run in. The plant is running satisfactorily, and the company will shortly be joining the list of dredges making regular returns. The return from the Maori Gully dredge last week was 430 z. 2dwt.,for 130 hours’ work. The dredge has now returned to the creek after working for about six weeks in n loop outside the area prospeeted Entering the loop, the returns were much more than payable, but on the return they declined. Since the present return the dredge has pulled to the other side of the flat to square up the face, and when this is completed in a week or 10 days a wide face of the flat will be available for working.

Oct. 1. Per ton. Oct. 5. Per ton Copper— £ 6. d. £ s. d Standard, spot .. 39 14 44 39 13 74 Ditto, forward .. 39 13 74 39 16 104 Electrolytic .. 43 15 0 44 0,0 to 44 5 0 44 10 ' 0 Wire bars ... .. 44 5 0 •14 10 0 Lead— Spot ... ■•*... .. 18 3 9 IS 6 3 Forward ... . .. IS 2 6 IS 5 0 Spelter— Spot .. 13 17 fi 13 IS fl Forward ... ,. 14 3 9 14 5 0 Tin— fSpot ......... .. 202 7 6 202 17 6 Forward .. 199 2 0 199 17 (> Silver— Standard, per or . . 19 15-lGd. 20 1-lfid. . 21 Id. 21 5-Sd. t-American, 45.65 cents a 111.