MINING.

Evening Star, Issue 12258, 27 July 1904, Page 4

MINING.

(Continued from page 6.) The drodge-marter of the Clyde Company wires that tho ground is improving, laiti •the drift is very troubltFuine. At a meeting ol the directors of tie Gokkn Run Company, held in Lawi'eu:o yesterday, a dividend of Ik per share- was declared. A considerable buiu was aho placed to the reserve fund. The manager imports very favorably on tho pruspei.'t.s ahead, of his dredge. Ths Tuapcka Dicdging Company'* dredge at Tiripeka Flat, submitted ior sale l.y auetion at Lawrence on Saturday, was knocked down at £l6O to Mcsr.s Tonkin and Co., of Dunedin. 11. looks as though Waikaia. must take a lend anion;;' the various (hide hi Otago and Southland where " dry land " or iiat dredging is carried on. Very few •chump in such localities as Wnikaka." (lie WaiinninUj or Charlton Creeks, Tuapcka Flat, «or Pal-n-.crslon have yielded over 40oz or 50ox hi a single week's work. Even returns rather below thise figures ui-e payable enough on a nnall capital, an dredging rati be kepi" up all the year round <xoc.pt when repairs are neecswy. The uftmiirl at Waikuia Ins been known to contain pel, paitchefi sinrc tho Mystery Flat d sedge cb'aaied 970 v, in something like or kn day*. Other companies have lnm/ lit en anxious to heat, this record with llnir dredges for a single week's 1 work-, ar/1 it has now been, done. The Waikaia correspondent of the ' Matnnivi Ensign' writes that an entertainment which wax unique for Waiknia was hold in tho dining roorrl of the Cnmni?rcinl Hotel en Saturday. The occasion war- the giving cf a. champagne c-upper hv ihe liost, "ami hosier (Mr and Mis Dcla':>ey) to the diue'ors and crew of (he Duke of Gordon dredge, in consideration of th-> fact, of tho dredne's buvitirt washed up the recent record return of WOw. I2dw't for one week's oprrations'. In response (o Ihe torst of his health. Mr Brown, drcdiie-niastcr to the, Duke of Unvriou Ceuuviuv, expressed him.seir as enpfH-.nf 11-at (he drrdrrn had not yet reached its limit letmn. 'l'he ])nkc of f'ojdon claim adioins tin.!, of the. New F.-u'rdown Company, dose in the Waikaia, Rivp.v. The l/'dv Anne dredc/e, disiairf, I'fiirly a mile from t'-e Hi k.. ~f Cordon and pane, distnnc: from the liver, with a return of Mo?:, moved a cool runner-up to the Duke, of Gordo'i, and tlmt" are some Wno are of opinion that she will v.:v i -eliprc tri» record fit rr-sent lit Id hv ihe'lalrer. Tlk-« are privale'v-ovned dred"e«. aM (heir vceklv r"tm"M am not pvldKhed. oilier-wi-e W.-il-T'ia would a timet a <rwd deal mono attention as a drf d'jhn: hVU.