OTAGO NOTES.
The Unity shareholders have received 6s per share in dividends, all within tJie last few months, and after allowing ter all liabilities and accounts there is still a. substantial balance in the bank. In order to reduce tiie height of a fall iv the river and increase the current, the Molyneux Falls Company put a big blast into some rocks the other day, and the result is that both objects have been more or less secured, and the dredge'« working is improved. A charge of 9 cwt. of gelignite, costing £70, was exploded by electricity. The Cromwell dredge, the ladder of which was for some time silted up, has been put again m good repair, and tne dredge master expects to do good work yet before the river rises. As the company lias now an auxiliary dredge, increased returns may be expected. It is % stated that the Rising Sun Company expects to have ita dredge (formerly the Smith's Creek dredge) at work within six months. During June dividends were paid by seventeen different dredging companies, the total amount distributed being £10,986 9s, while during July the sun o? £13,269 ' 15s was paid by the same number of v companies. The Alexandra Lead and, Waimumji Extended Companies -each paid two dividends in July, those in the former being 10s per share on the preference issue, and those in the latter 6d per share. Three sluicing companies figured in the dividend list in June, and paid out £1785 12s 6d, but only one (the Deep Stream) paid a dividend last month, the amount being £300.' k Though £13,269 16s was the amount paid in dividends during July, three companies, not included in the total, declared dividends aggregating £7050, which are not payable until this month. Arrived at last— tiie Coronation GoW Dredging Company (an Alexandra veature.) There is a drawback to the giving' to speculators of high-sounding names. For instance, it is not long ajrice they were advertising in o mining district of this colony; "The British Empire (in liquidation)." Better call them all Last Chances, and then the last dollar will not go with such a dull, sickening thud.
OTAGO NOTES.
Evening Post, Volume LXIV, Issue 47, 23 August 1902, Page 4 (Supplement)
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