THE INANGAHUA REEFS

Grey River Argus, Volume XIII, Issue 1581, 29 August 1873, Page 4

THE INANGAHUA REEFS

[herald, auo. 27.] . ■ ; ■ A dividend of 3s 6d per LI scrip representing a sum of L7OO per full share wajs made payable yesterday in the Golden, Fleece at the Company's office, Reeftori. , The total amount available for this dividend was L 4200. • Tenders are invited by the Independent Company, Adam Smith's line, for sinking; a shaft in order to intersect the valuable reef which, according to present indications, continues from the Wealth of Nations and Energetic into this company's ground. Interests in this claim, which were valueless a few weeks ago, are now eagerly inquired after. - , : Anderson's batteries will commence operations on stone from their own mine to-day. Since the Invincible Company cleaned up their batteries the machinery have been undergoing sundryltriflingre; pairs. The Ajax machinery is also idle owing to the same cause. j At the Fiery Cross and Just-in-Time claims operations are directed to raising stone. In the former claim they have opened out a considerable distance north and south in the main drive without disclosing any fault in the reef, its width afc this level averaging about three and a half feet. Quartz raised on Saturday .last was exceptionally good, but the quality of the stone has been so often described itj seems almost superfluous to mention it a.i all. In fact, both claims appear to share about equally in this respect. However, the public will be better informed as to the value of the stone after it has been; operated upon for a while by ten Gewt' stampers. Afc the laifcer claim work is i being "vigorously pushed ahead. They are' J now opening out north and south. in the', lowest level, and the contractors have made a start to extend the main tunnel; another 50ft. Also, the construction of. the incline tramway from the main re-! ceiving paddock to the machine site has; been commenced. The water-race and; fluming are now. entirely out of hand. ;