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MINING.

Our correspondent informs us that the Blue Spur Company’s wash-up fer a month’s nm at tho end of last week was most satisfactory, being considerably in excess of tho previous month, when the eight shareholders each recs-ved a dividend of £SO Tho exact amount of tho dividend on this occasion ha, not been made public, hut our correspondent understands that it is fully £25 better than for the preceding four-weakly period. The tailings, of which there is /a verylarge deposit—tho area and depth at the foot of tho Blue Spur workings alone on sure many years’ work—are. turning out much more satisfactorily than the most sanguine could have anticipated, and give every indication of yielding handsome dividends for. many years to the fortunate shareholders. Exactly two yeais have passed since tho Consolidated Company's mining rights and privileges were publicly sold for £5,600, and it speaks well for tho present management that the men in their employ, numbering 28 all told, have not had an hour's lost time since they commenced operations. Mr Claffcy, the working manage!, makes' a boast that there Pave been staff since he assumed charge of the claim, and that most of his men have been-working off and on at the Blue Spur fer the past 10 years.

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https://paperspast.natlib.govt.nz/newspapers/ESD19141024.2.75

Bibliographic details

MINING., Issue 15632, 24 October 1914

Word Count
212

MINING. Issue 15632, 24 October 1914

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