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MINING.

The .statement of affairs of the Electric Company discloses the fad that the amount of .-ash at the bankers and on deposit amounts to £3,395 10s sd, while the debts owing bv the company amount to £491. The tidal quantity' of gold prodtned since registration amounts to 58,8050z. valued at £227.233. last- year's quantity being 1.5800z, valued at £5,953. The pres'-nt: number of shareholders is 234.

The repairs to the Electric No. 1 dredge will probably hr completed about the end of tin- week. The secretary of th" Nol;oinai Hydraulic Sluicim: Company reports that No. 1 elevator had tlic top material stripped to a depth of 26ft, la.-t week, and ivas clospd down owine to the water beinc, insufficient for slu'minc. 'l'ho Xu. 2 claim made a start sinkine; on. Saturday, and. thn plpvator is now down to ]3tt. The dam was full on Saturday. At No. 3 a full week's sluiciiii; was uliuhipd, and fair was m;w!p. The "Rise and Shine No. 1 did not (inis'] repairing until Tuesday nitjiit. Tlieiv v, ii! prohahlv not. he a wash-up this weeh. No. '?. drcden erussed the better pai'f of the nit four tiinps last wppk, here <.- the improved return. In the pjvvio;:.- week the other half, '-arryine; nuie'n eoa! li.ittom. v.a.- rro.ssivl the saine Tiuiubpi" of times. This. dre< ! '_'o will stop to-<lay for an overhaul. IiIJSS KOLDFtFLDS. The repnrt on ihe work dmio at tlie [loss.Cohlfields for the period eiuWi J;lnnary 7 state.- that at No. 7 level the west drive was out 244 ft from 2s'o. 7 plat. A layer of sand 12iu deep was dipping with'the wash across the ftiep. At the. intermediate, the north-west strip was out oGft from No. 1 south-west drive, but the pay wash was found to be dipping underfoot at the fare, and this drive was discontinued. No. 5 south-wpst drive was advanced 10ft in pay wash, and No. 2 win-,' drive 40ft to the. east in fairprnde wash. was continued off Nos. 1 ani.l 3 snntli-v.'pst ilrives and JS'o. 4 north-east drive.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD19150120.2.46

Bibliographic details

MINING., Evening Star, Issue 15705, 20 January 1915

Word Count
341

MINING. Evening Star, Issue 15705, 20 January 1915

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