QUEENSLAND INSURANCE.

Evening Post, Volume CXXII, Issue 137, 7 December 1936, Page 12

QUEENSLAND INSURANCE.

At the annual meeting of the Queensland Insurance Company, Ltd., held in Sydney, Mr. R. J. Nosworthy (chairman) said that the company's island business had been stimulated by the higher prices which had been obtained for copra, and the increased output for gold in New Guinea and the vicinity; but foreign and Eastern centres presented many problems owing to the Abyssinian War and the disturbed state of Northern China. During the year the branch and agency organisation had been further extended. "You will see," he continued, "that the Government securities, which are shown at cost, have increased from £938,647 to £1,039,975. Fixed deposits with banks were reduced from £245,780 to £212.708. This movement was suggested by the low -rate of interest on this type of investment. Municipal bonds and debentures are also a little lower, going from £94,542 to £89,543 owing to the maturing of some debentures during the year. Freehold properties at £136,324, in comparison with £167,332, indicate a reduction on account of the sale of out- Brisbane premises, for which a very satisfactory price was obtained.

Big River Gold Mines. Ltd., report for the week ended November 30 as follows:—No. ~4 level: South stope, filling in completed and new stope started. The hanging wall section of centre stope reef was stopped for a length of 14 feet when stone cut out. Rising for a new stope in main section now in progress. No. 5 level: Cross-cut advanced 20 feet, making the total distance of 331 feet from the main ishaft. Commenced driving south on !reef track one foot wide, carrying a few small boulders of quartz. Main cross-cut went through 25 feet of disturbed reef track carrying irregular seams of ore. The last seven feet were in country rock with traces of stone running in nortli side of. crosscut. Through faulting, the reef appears to have been thrown on north side of the cross-cut well to the east, while on the south side the seams, of stone appear to be converging lo a common point which may lead on to the permanent ore body. Delivered to surface bins, 21 _ tons of stone.