MINING NEWS

Evening Post, Volume CXVIII, Issue 60, 8 September 1934, Page 12

MINING NEWS

LONDON AND KAWARAU (By felegraph —l'ress Association.) DUNEDIN, This Day. The interests of the Amalgamated Kawarau Company have been taken over by a new company in London. The proposed capital is £450,000, and the company will be known as the Kawarau River Gold Company. The capital has not yet been underwritten, but word is expected next week that the capital has been subscribed in London. It is understood that the new company proposes to place a large modern dredge on the river.

The Christchurch Stock Exchange is in receipt of the following cable from London, dated September 4:—"Kawarau River Gold Company is being floated with a capital of £450,000 in 2s shares, of which 1,400,000 will be allotted in part-payment of the purchase consideration. The venders are the Amalgamated Kawarau Gold Alining Company, Wellington. The purchase price is £10,200 and the above shares. It is proposed to dam the river below the Arrow River junction, at an estimated cost of £70,000. The engineers are Balfour, Beatty, and Co. It is anticipated that tjie flotation will be very favourably received."''

ICING SOLOMON. (By Telegraph—Press Association.) IN VERCARGILL, September 7. The return for the week at. the King Solomon Mine amounted to 51oz 7dwt. SALES OF THE- WEEK. Sales of mining and dredging shares this week were reported as follows: Aotearoa, 9d; Alexander (con.), 14s lid, 15s, Bell-Hooper, 5V6d, sd; Bell-Kilgour, 3d; Bencligo Goldlight, lid, WAd; Brian Boru, Is sd, Is 4%d. Deep Lead, Is 9d. Gillespie's Beach, Is ll%d, Is lid, Is lO&tl, Is lid; Golden Dawn, Is 7d, Is lid, 2s Id; Goldfields Dredging, Is PM, ll%d, Is. lid, Is Id, Is 3d, Is o%d, Is; Golconda, 6V 2 d; Golden Point, 2%d, 2%d; Glenroy, Is 2d. King Solomon, 4s Id, 4s 3d, 4s 2Yzd; Kildare, Is lid. Lawson's Flat, 4d. Mahakipawa, lid, llV£d, Is, ll%d, and (1929, pref.), Is 4%d, and (1930, pref.), Is 3%d, Is 4d; Maraewhenua, 6d, sd, 5%d, sd; 'Mataki, 2s 4d, 2s 3%d, 2si sd, 2s 5%d, 2s 6d, 2s 7%d, 2s od, 2s 7d; Mining House Concessions (9d paid), 2%d, 2%d, 4d, 4%d, sd, 5%d, Bd. 4%d, 4%d; Moonlight Nelson, 4d, 3%d, 3%d; Mount Morgan 28s; Mossy Creek Is 7d, Is 7%d. Nokomai 3s sd, 3s 3d, 3s 4d, 3s 6d, 3s 7d, 3s Sd, 3s lid, 3s ll%d, 4s, 3s lOd, 3s lid, ,3s lOd, 4s; Nevis Diesel 4%d, 4V4d: North Broken Hill, £5 2s 6d. Rawang Tin, 9s Id, 9s 2d. Stafford Sluicing, Is 4d; Skippers, JVid, 7%d. • Talisman Dubbo, 12s 9d. Waihi. Grand Junction, 45.6 d, 4s 4%d, 4s 4d; Waihi, 335, 335. 3d, 335; Waipapa (premium), 3d; Waitahu, 4s 3d, 4s 4d; AVorksop Extended, Is Bd, Is'lid. Unlisted—Argo-Gold, 3%d;-Eldorado, 22s i6d; •Maori Gully,-'lid, 10% d; New Zealand Mining Investment, Is.'