WAIHI MINES
j -*^... ... ! REDUCING WORKING STRENGTH ! AT KARANGAHAKE. (BY ■MCMORAI'S— fKESS ASSOCIATION.) AUCKLAND, This Day. The management of the Crown mine at [ Karangahake has decided to reduce the number of men employed by sixty, and to discontinue all unremunetative ; development work. i The Waihi Company has declared a ' dividend of a shilling per share, The company has issued a, circular stating that in consequence of ihe development work having been delayed by the strike it ia inadvisable to attempt to increase the output beyond about 15,000 tons each four weeks. This it is estimated •will yield ( £25,000 and support the quarterly dividend of a shilling per share. The Grand Junction superintendent has cabled to London that the mill is running two shifts per days, and that there will be no clean up earlier than ; the end of February. Good progress is : being made with the unwatering of the | mines * and that a thre'p years' agreef ment has been made with the Ohine- ■ muri Mines and Batteries Union,
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https://paperspast.natlib.govt.nz/newspapers/EP19130125.2.42
Bibliographic details
Evening Post, Volume LXXXV, Issue 21, 25 January 1913, Page 7
Word Count
167WAIHI MINES Evening Post, Volume LXXXV, Issue 21, 25 January 1913, Page 7
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