MINING AND DREDGING.

Evening Post, Volume LXXIX, Issue 78, 4 April 1910, Page 2

MINING AND DREDGING.

» EFFECT OF THE FLOOD. [BT TELEGRAP& — SPECIAL TO THE POST.] WAIHI, 2nd April. The recent floods have temporarily disorganifed mining operations by the Waihi Gold Mining Company. Owing to tha damage to the Government railway line, coal supplies from the Hxmtly mines cannot come forward meanwhile, and to conserve the supply on hand for pumping and other purposes, the company has suspended crushing operations at the batteries pedding the reinstatement of the service. It will probably be the best part of a week" before sufficient coal, will come to hand to enable the full complement of stamps to resume duty. The Grand Junction mill has so far been running full time, but will probably have to stop for a few days unless coal soon comes to hand. No damage was done to the underground workings of the Jocal mines by the flood. The Talisman mine at Karangahake has not suffered, and mining and milling are proceeding as usual. WAIHI AND JUNCTION RETURNS. [Br TELECRAPH — TftLTISS ASSOCIATION.] AUCKLAND, 3rd April. The Waihi Gold Mining Company's return for the period ended 19th March is £74,342 from 34,121 tons. This is ths largest output of the present year. Last month's return was £74,119 from 34,225 tons, and that of the FebruaryMarch period, 1909, was £73,515 from 33,263 toiib. The total to date from the mine is £3,375,970. Th'j Waihi Grand Junction crushed 6480 tons for the month for a yield of bullion worth £8770, making the total won from the mine to date £286,086. DREDGING RETURNS. DUNEDIN, 2nd April. Dredging returns : — Waikaka United No. 1, 450z 12dwt; Waikaka United No. 2, 240z 12d\\t ; Rising Sun, lOloz 14dwt; Otago, No. 2, 28oz ; Blackwater, 20oz sd\\t; Golden Bed, 540z 7dwt; Rise and Shine, No. 1, 33cz 3dwt ; Rise and Shine No. 2, 630z lldwt; Olrig, 6oz 3dwt. The total return for the week is 5400z 6dwt from 17 dredges. WAIHI GOLD MINING CO., LTD. Mr. Charles Rhodes, the local director of the company, has received cabled advice from London (states the Auckland Star) that the directors of the company propose to recommend to the annual meeting of shareholders on 19th May, payment of the usual dividend of 4s and a bonus of 2s per share, both to be disbursed on Ist June. The bonus now recommeuded by the directors will maKe a total distribution of 18s per share in respect of the year 1909, as against 17s per share for 1908, and 16s per share for 1907, showing the usual increase of Is per share per annum. The directors also recommend the following appropriations from revenue : — For new plant and machinery, £37,000, against £41,511; last year reserve, £10,000, as against £20,000 last year ; depreciation, £37,000, as against £36,374 laht year-, for Horahora scheme, £40,000; carry forward, £25,000, as against £28,353 last year. The foregoing shows that the results of work for 1909 have again been a record for the company, and that its finance continues in a thoroughly sound position. GOLD RETURNS. The output of bullion for the month of March is as folio ,vs :—: — £ s. d. Waihi, 34,225 tons ... 74,119 0 0 Waihi . Grand Junction, 6479 tons 10,021 0 0 Talisman Consolidated, 3630 tons 19,191 0 0 May Queen, 120 tons, 501b stone 490 0 0 Handsworth, 11 tons, 801b 768 0 0 Waiotahi, 168 tons ... 788 3 6 Komata Reefs, 870 tons ... 1,378 0 0 Komata Reefs (30th), 840 lons 1,443 0 0 Victoria, 26 loads ... 135 0 0 Total for March ... 108,333 3 6