MINING
RISING SUN. The annual meeting of shareholders of the Rising Sun Gold Mining Company was held in Auckland a few days ago. The directors’ -report showed that since reconstruction 76,959 contributing shares, credited paid up to Is, had been allotted, leaving .for .future issue 33,400 shares at 2s ana 8,297 shares at 3s. The results of operations at the mine to date had been favorable. _ To facilitate work it was decided to issue 20,000 shares credited as paid up at Is a share. A report from the mine manager stated that samples from various parts of No. 1 lode had given a good show of gold in the dish. _ Values had shown improvement in the winze, and it was anticipated that when the ground was opened up at the bottom of the shaft a substantial* body of payable ore would be met with. The statement of accounts showed receipts £7,747 5s Id. Among the items of expenditure were interest £4lB 7e 3d, general charges £452, mine supplies £B9 6s 2d, wages £1,244 3s 3d, and air compressor £275.
The retiring directors, Messrs W. Blom field and J. Gribble, were re-elected.
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https://paperspast.natlib.govt.nz/newspapers/ESD19230522.2.2
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Evening Star, Issue 18281, 22 May 1923, Page 1
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191MINING Evening Star, Issue 18281, 22 May 1923, Page 1
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