COMMERCIAL

Greymouth Evening Star, 13 May 1933, Page 8

COMMERCIAL

NEW COMPANIES. Miller’s Woollen Mills Ltd. Registered. as a private company May 5, 19,33. Office: S 3 Lichfield Street, Christchurch. Capital: £lO,OOO, in shares of £1 each. Subset ibeis. Christchurch —L. B. Miller 4000, W. A., Thomas 3000, J. Love 2500, W. J. Love 500. Objects: Woollen millers, wool, silk, flax, jute, and hemp merchants, etc. Sound Films Productions (N.Z.) Ltd. Registered as a private company April 13, 1933. Capital: £2OOO, in 2000 shares of £1 each. Subscribers,. Dunedin —National Sound Films (N.Z.) Ltd. 650, J. A. McDonald 100, G. J. Barton 100, J. Trengrove 100, ,T. D. T. Pearson 250, AV. W. McLachlan, W. F. Sligo, J. A. Hopcraft, J. Richardson, R. S. Black, J. G. Butler, H. T. Clarkson, J. Haig, D. J. Cooke, E. Kerr, J, H. Pearson, W. J. Gray. Wingatui—D. P. Wilson. Wellington—E. Harris, 50 shares each. Gore —L. E. Martin 100. Objects: To acquire from National Sound Films (N.Z.) Ltd. and John Welsh certain cinematograph apparatus and equipment, to produce motion pictures in sound or otherwise, and carry on the business of motion picture producers and distributors. LONDON STOCK EXCHANGE. [official wieeless.J RUGBY, May 11. The stock markets closed to-day with a good tone after business had been done on a large scale, particularly in the home industrial shares. War loan 3i per cent stock is at 99g. The New India 4 per cent, stock was actively dealt with at 15/16 of one per cent premium. GRAIN AND PRODUCE. [PER press association.] CHRISTCHURCH, May 12. The end of the shipping dispute is welcomed by merchants concerned with the Canterbury grain and produce market. There has not been a boat to the North Island for nearly three weeks to take quantities of potatoes. It is now certain that the Kiwitea will load at Lyttelton and leave probably next Tuesday. The potato section is still inactive, growers are not offering any quantity and the demand from Auckland is weak, the price remains unaltered. The onions section is firmer, and current price is £2 10/- to £2 15/- ton on trucks. There is no volume of business.

BUTTER AND CHEESE. Copy of cablegram received by Dalgety and Company, Limited, from their London office, dated May 13: — Butter: Market firm, but top quotations nominal. Danish, 94/- to 96/-; N.Z. finest, 76/- to 80/-; Australian finest unsalted, 75/- to 78/-; Australian finest, salted, 74/- to 79/-; Australian. G.A.Q., 71/- to 72/-. Cheese: Market firm, quotations nominal. N.Z. white, 46/- to 48/-; N.Z. coloured, 51/- to 53/-; Canadian white and coloured, 64/- to 68/-. Markets excited because of possibility of quota. STOCKS AND SHARES. DUNEDIN, May 13. Two sales Gillespie’s Beach 1/6. Reported: Ditto 1/6. King Solomon, after call, 1/8. Unlisted: National Tobacco SS/6.

MURRAY CREEK GOLD MINING CO.

The Directors’ Report states: Your Directors have pleasure in submitting the following report to the shareholders, covering- the operations of the Company since the commencement of the year. For some weeks prior to that period a small staff was engaged in the re-opening and repairing of the surface (battery) level, over one thousand feet in length, connecting with the main haulage shaft. This level commands the whole of the surface workings and a large tonnage of ore previously developed. It is also an essential part of the ventilation system, and also forms the method of transport of ore, stores, etc., to the battery. Until the shaft is put in working order connecting with the above at a depth of 200 feet from the collar of same, it is not possible to utilise the surface workings or the battery plant, economically and expeditiously. In view of the above important fact, the appointment of a certified mine manager was necessary, and was made by the Board in January, and the main policy of the Company immediately

proceeded with. Overtures were at once made to the Inangah.ua County Council to put the road leading to the mine in working order. This involved the construction of a bridge and extensive repairs covering a mile in length, and some fourteen men were engaged on this undertaking for a matter of 6 or 8 weeks. Until this was accomplished the mine was isolated, as the transport of essential equipment was impossible. The purchase of a suitable [ boiler to work the winding plant was made by the Board and this has been installed during the past week. Repairs to poppet heads have also been put in hand for which suitable timber has been procured in bush close to the mine. In addition, the purchase of

a cottage for the mine manager, and twelve workmen’s huts, hjave been made from the Public Works Department, and these will be removed from the Inangahua Junction to the mine as quickly as possible. A telephone connecting the mine with the office at Reefton, has been installed and this facility will result in the saving of time and expense. Whilst the above covers the salient features during the period named, quite a number of other matters that have a bearing on the general scheme, have been attended to. The dispute between the Miners’ Union and the Board has been satisfactorily adjusted, but during the interval little inconvenience was felt since it was impossible to advance with the unwatering of the mine until the road repairs were completed and the boiler installed. In view of the fact that the flotation of the necessary capital was not completed until the end of November, the above record of operations is entirely satisfactory. Under skilful management at the mine every attention has been given to details and the work has been done economically and speedily and in the best interests of the Company. The unwatering of the mine will take place as soon as repairs to the poppet heads are completed, and a much larger staff will then be employed, pushing the enterprise ahead. Under the circumstances outlined above, the shareholders may look forward to the future with full confidence in the enterprise and the commercial success of the undertaking at an early date.