COMMERCIAL

Greymouth Evening Star, 8 August 1936, Page 13

COMMERCIAL

GOLD AND EXCHANGE [BY CABLE —PBESS AS9N.—COPYBIGHT.] LONDON, August 7. Gold 138/6, dollar 502, franc 76 3-32. STOCKS AND SHARES. AUCKLAND, August 8. Sales, final call of the week: Renown 13/-, Mt. Morgan 14/-, Gas 24/-, Bank of New Zealand 40/-, Breweries 52/-, Broken Hill 72/9, Woolworth’s (Sydney) £5/15/-, Bonds 37/40 £lOl/15/-, Leyland O’Brien 22/9, Selfridge’s (old) 25/2. WELLINGTON, August 8. Sales: Broken Hill £3 12/9, King Solomon 1/-. Mt. Morgan 14/-. DUNEDIN, August 8. Sales reported: Bank of New Zealand 40/- (late yesterday), Argo 1/9 (two). MAORI GULLY DREDGE. The Maori Gully dredge return was 32 ounces 2dwts. for 135 hours. ARGO RETURN. The Argo dredge return for tliis week was: —49 ounces, for 117 hours, and 10,000 yards. NEMONA DREDGE

The Nemona Dredge this' week washed up 68 ozs. 6 dwts. of gold from 15,000 yards of material in 119 hours. The dredge has turned round and is working in a northerlyy direction. BLACKWATER MINES Return for quarter ended June 30: Driving totalled 402 feet of which 396 feet was on reef averaging 12.10 dwts. in value over 21 inches in width. Crosscutting totalled 561 feet all in country rock. Rising totalled 23 feet on reef averaging 7.53 dwts. over 18 inches. Winzing amounted to 100 J feet of which 72% feet on reef averaging 15.38 dwts. over 22 inches width. Outspan: 11,200 tons were crushed yielding £36,018. Working expenses were £18,147, leaving a working profit of £17,871. Capital expenditure amounted to £1,707 and development expenditure was £1,739.

BIG RIVER GOLD MINES. Report for week ending August 4 _No. 4 Level. The stopes in' the south end are being filled in and timbered, preparatory to commencing stoping operations on the reef. In the north end the level is being driven and timbering up proceeding, also the ventilation has been improved. Several timber sets have been placed in level at end of crosscut. No. 5 level: The driving of this crosscut towards the reef is in. progress, two shifts being employed. No. 3 level: A dam has been constructed here to hold water to supply rock drilling machines and working faces in Nos. 4 and 5 levels. “A BUSINESS ROMANCE.”

There is undoubtedly romance in big business, and it cannot be denied that the A.M.P. Society have chosen an appropriate title for their booklet reviewing the birth and growth of the largest mutual life assurance society in the Southern Hemisphere, “A Business Romance.” It is a story of remarkable and continued progress from the year 1849, when the Society was inaugurated in a tiny office in Sydney to the present day, when it has over one hundred million pounds of assets. Not the least interesting feature of the publication is a table showing, year by year, the growth of the funds, from £96 in 1849 to £98,166,603 in 1935. In the same period the premiums paid have increased from £258 to £8,316,184, and the interest earned bn the funds from nothing to £4,285,438. The booklet traces the progress of the Society through the important decisions of the directorate and these, particularly in the early stages of its development, make interesting reading. COMPANY REGISTERED Murray Creek (Consolidated) Ltd., Regd. July 27. Office: Wellington. Capital: £35,000 into 70,000 fully paid shares of 5/- each and 70,000 contributing shares of 5/- each. Subscribers Wellington —J. E. Williams 500, W. J. Se'ater 500, F. W. Barron 500, G. W. Lawrence 2000, C. R. Barrett 1, C. S. Hogg 1, J. W. Hunter 1. Objects: To purchase or otherwise acquire mining rights and privileges and incidental.