CLOSING DOWN

Dominion, Volume 30, Issue 192, 11 May 1937, Page 12

CLOSING DOWN

King Solomon Gold Mine By Telegraph—Press Association. Gore, May 10. The chairman of directors of King Solomon Deep Ecad, Mr. Henry Smith, haa issued the following statement:— “At a meeting of the board held on Saturday evening—after the annual meeting of shareholders had adjourned for want of a quorum—it was decided that, owing to exhaustion of the company’s funds and lack of prospects for the future, the directors will recommend to the shareholders at the adjourned meeting that the mine be abandoned. The work of bringing the plant to the surface has been commenced.” During its working life the King Solomon mine has produced 19,3030 z. of gold valued at £131,529, after paying £9192 in gold tax. Taranaki Oil Fields The chairman of Taranaki (N.Z.) Oil Fields N.L. 7Mr. W. A. Watt) and the managing director (Sir Colin Fraser) recently arrived in New Zealand. It is understood that while in New Zealand they will negotiate with overseas oil interests for the drilling of the company’s concessions on the east coast of the North Island. At the annual meeting in October Mr. Watt said that the negotiations promised to result in a satisfactory arrangement being made, which would mean that the financial and technical resources and experience of a largo successful overseas organisation would be directed toward the testing and drilling of the company’s most prvmising structural areas in the Hawke’s Bay-Gisborne district. Dividends Due Mosgiel Woollen—int., 4 p.e.. . May 13 Cash Orders (Amalg.)—quarterly, 2j p.c May 15 E.S. and A. Bank—int., 3i p.c. (sterling) May 15 National Insurance—int., 4d. a share May 15 Dental and Medical—4 p.c. . . May 17 Alexander Mines —1/- a share May 17 Taubman’s, Ltd.—int., 7J p.c. May 18 Younghusbands’—final. 3 p.e. May 18 Dalgety and Co.—int.. 7J p.c. p.a May 19 Dunedin Brewery—final. 31 p.c. May 19 N.Z. Paper Mills—final, 4 p.c May 22 Argo Gold—ld. per share . . May 24 National Bank (A/asia) — final, 3 p.c May 26 Bank of New South Wales-— quarterly, 6/- per share .... May 28 Westport Coal—inf., 6d. per share May 27 Selfridges (A/asia) 6 p.c May 27 Donaghy’s Rope—final, 1/3 a share May 31 Henry Jones Co.-op.—int., Gd. a share June 1 Imperial Chemical'lndustries — ord., final, 51 p.c lune 1 Broken Hill Ppty.—half-yearly. fully-paid, 1/3 a share; contributing, 10d. a share lune 2 Swan Brewery—div. and bonus, 9d. a share June 2 Waibi Grand Junction —4d. per share, sterling lune 4 Dominion Fertiliser —5 p.c. . June 9 Bulolo Gold —int.. equivalent in Australian currency of 1 dol. 50 cents Canadian .. .lune 10 Placer Development—int., equivalent in Australian currency of 60 cents. Canadian . . June 10 Bank of N.Z.—final, ord.. !./• per share June 11 Bioken Hill South—l/3 a share June 18 Mount Lyell—int., 1/6 per share Tune 1 Wilson’s Cement—final, 9d. per share June 23 Calls Payable:— Broken Hill Pty. (con.) —5/- a share ......... June 30 The directors of the North Shore Gas Co.. Ltd., Sydney, have decided to offer at auction a new issue of 50,000 shares at £1 each.