MINING.

Grey River Argus, 7 February 1906, Page 3

MINING.

The directors of the Blackwater Gold Dredging Company have declared a dividend of one shilling per share, payable on the 12th inst, and have added £50 to the reserve fund.

The Hon C; H. Mills recently ye---quested the Minister- of Mine's to send Dr Bell, the' Government Geologist, to Marlborough, to report on the goldfiel'ds there, which were formerly very -rich, but have since languished owing to lack of expert prospecting. Mr McGowan said 't was impossible for- Dr Bell to do all ho- was asked to, but an effort, would be macje to hn-vs the Marlborough fields examined ' as soon as possible. The a:tiixia,l statement of afFairi u> tk© liiSM&Viiter Gold. Dredging Company chows that last year tho Ooixipauy, which ern^lovs nine mon, obtained 20300z 16'chvt 22grs of Sold, valued at ££058 16s 3d. while ilia totai amqiiiiii since registration uj April, 1900, is 50650z Idwt lgr s ■vyort-Jx £20,229'. Is. The company, on whose scrip; 18s por share Is paid up, last y'sar expended MS'6§ .Ms in carrying en, gp^yatiariS, \yhile. thgi total sxmYidifcur.fc to' date isa'djes $i}(s §iria\*f -;§p2.575 lfc'Sd. bUaroholders . iijive -regeivoij jn $ivi•Jcrids the gum of jgS,Sr}t> i2s 6d, while there uemains hi the bank £718 14s 7d on various current accounts, and £700 on fixed deposits, constituting a reserve fund. There are no liabilities,