UPPER SHOTOVER.

Evening Post, Volume CXVI, Issue 106, 1 November 1933, Page 14

UPPER SHOTOVER.

The Upper Shotover Goldmining Company has advised the New Zealand Stock Exchange Association that the 40,000 oneshilling shares previously reserved are now offered to shareholders in the proportion of one-fourth of their holdings. MOUNT MORGAN DIVIDEND. In announcing the first interim dividend at the rate of 2s a share from profits derived in Queensland, * the directors, of Mount Morgan, Limited, state that, calculating gold at £7 10s a. fine ounce, and copper at £37 a ton (both Australian currency), and on the basis' of existing industrial conditions,' they anticipate^. after providing reserves to meet future development and increased output and a welfare scheme for the employees at the smine, being able from now on to pay quarterly dividends at the rate of 2s a share. The current dividend will be payable on December 27.1 ■. .• . ,■..-_. :•,...;■, ■. DAWN OFj HOPE. The Dawn of, Hope, Thames.—During the past week we have, been engaged working-oh the 6in leader in the rise. The ore broken to date shows colours and blotches of 'gold. Sarich and Cropp treated three loads of general dirt and 20lb picked Rtone for ■ a return of 28oz 14dwt. A. E. Dare and . two mates crushed and treated one load' of general dirt and a small parcel of picked stone for a return of 13oz 19dwt, valued at £36 15s 10d, excluding bonus and exchange.; GOLCONDA. Golconda, Thames.—During the week stoping was continued on the branch reef south and nice colours of gold have been seen. Part, of ,the stopes required timbering. We have started a stope north on the main reef, close" to the shaft, near the junction of the main and branch reefs. We had to timber this portion, as there was heavy, ground near the junction. The country rock here is of the best description and is much milder than in the last stope.- We will resume crushing next' week. >