MINING NEWS

Evening Post, Volume CXXII, Issue 70, 19 September 1936, Page 12

MINING NEWS

RETURNS AND REPORTS The annual report of the directors of the Gillespie's Beach-Gold Dredging Co., Ltd.. states that the dredge, after repairs, has been running steadily since July 6. Gold returns for the year amounted to 1699:30z, of a value of £13,592. Export duty of £IO6O was paid to the. Government. Since the end of June gold returns have largely increased, and the directors state that + +■♦♦♦»♦ ♦'♦ + »♦»♦♦♦,♦ ♦♦♦♦♦♦♦ft

Further commercial information will be found on page 6. ++♦♦♦♦♦♦♦♦ ♦♦♦♦♦♦♦♦♦♦t»»+M

these augur well for the future success of the claim. Transport still presents difficulties, but the Government has consented to make a road to the claim, and the directors have 4 promised £650 towards the cost. A resolution to reduce the qualification for directorships from the holding of 5000 shares (£250) to 3000 (£150) will be submitted to the annual meeting. LAWSON'S FLAT. . The secretary of Lawson's Flat Gold Sluicing Co., Ltd., reports that the wash-up for the two weeks ended September 16 resulted in the recovery of 48oz Bdwt of retorted gold. (By Telegraph.—Press Association.) WESTPORT, This Day., The Addison's Flat return for the fortnight ended September 17 was 320z sdwt for thirty shifts. KING SOLOMON. (By Telegraph.—Press Association.) • INVERCARGILL, September 18. The return at the King Solomon mine this week was 260z 2dwt.for five days' work. • .^ NEMONA DREDGE. (By Telegraph—Press Association.) GREYMOUTH, September 18. The Nemona dredge return was 490z 12dwt for 16,100 yards in 131 hours. FOREIGN EXCHANGE RATES Closing sight rates as quoted by the Bank of New South Wales, Wellington, today, for buying, and selling foreign currencies, based on New Zealand currency, are as follows:

The above fates are tor on demand transactions. The £1 is £1 in New Zealand currency. The rates 1 * are subject, to. alteration .without notice. Based on the figures quoted by the Bank of New South Wales the New Zealand pound, compared with its original par value, is equivalent to approximately:—

Buying. Selling. On demand. On demand New Zealand on £ i. d. '£ a. d. London—£N.Z. to£ ate. ... 1 23 10 0 124 8 .9 Australia— £A to £N.Z. .. 101 0 0 100 10 0 Fiji—£F to £N.Z. 100 90 7 6 89 0 0 New York— Dollars to £.\.Z. : 1 .... 4.10% 4.06% Montreal—Dollars to £ N.Z. 1 4.10^ 4.06}i Austria—Schillings to £/ N.Z. 1. —' ' 21.15 Belgium—Belgas to "fi K.Z. 1. .......... y .. — . ■ 23.953 Czechoslovakia — Cron ins to £N.Z. 1. ■—■ 97.44 Denmark—Kroner to £ N.Z. 1 18.263 17.903 France— Francs to £ ~ N.Z. 1 —- 61.54 Germany—Relchmarks to £N.Z. 1. — 10.040 Holland—Florins to fi' N.Z. 1 — 5.946 Italy—Lire to £N.Z. "l". — 51.50 Java—Florins to £N.Z. Norway—Kroner to £ — 5.910 N.Z. 1. 16.241 15.901 Sweden—Kronor to fi, 15.845 ' 15.500 Switzerland—Francs "ti> £N.Z. 1. ~~ 12.390 Noumea—Franca to £ N.Z. 1 — 60.19 Papeete—Francs to ■is N.Z. 1 — 60.34 Hong Kong—N.Z. per ice 17 13-16 18% India and Ceylon—N.Z. pence tn 1 rupee .. 22 3-64 22% Japan—N.Z. pence to "l — 17 33-64 Shanghai—N.Z. pence to 173-32 18 17-64 Singapore—N.Z. pence 'to 34 15-64 35 15-32

£ ». d. 0 16 1 in London. 1 0 1 In Australia. 0 16 SVi in U.S.A. 0 16 8»4 in Canada. 0 fl 11 in France. 0 11 ltf in Italy. 0 9 10 in Herman;. » 9 9 ' in JaTl, l • oh In . Japan. „. i _ iI _