GOLD MINING

Grey River Argus, 10 May 1935, Page 3

GOLD MINING

Yesterday’s quotations were: Maori Gully Is 7d, Is 74d; Mossy Creek 2s 3d, 2s 7d; New River —, 7d; Okarito —, 6s 6d; Skippers 2d, 2M; Stafford —. lid: White’s Electric (6d paid) 4Ad, sd; AVorksop —, 2s 9d; Upper Watut 4s 6d, ss; Brian Boru 3fd, 4|d; Charleston Sluicing 4?>d, —; Gillespie’s Is 2d, is 6d; Golden Sands 2s 3d, —; Goldfields 4Ad, —; King Solomon 4s 3d, 4s sid; Lawson’s Flat Mahakipawa 64d, 8d; Alexander (15s paid) 14s 6d, 15s fid; Barrytowa ! Dredging £1 0s 2d, £1 0s 6d; Bendigo Goldlight ll|d, Is; Big River 2s 4ld, 2s 5Ad; Blackwater £1 10s, £1 13s. Gold is quoted at London at £7 4s Old per ounce.

The secretary of the AVaitahu Company reports a further partial washup from No. 3 paddock of 450 z 3dwt.

The Addison’s return for the fortnight ended May 4 was 20oz for 30 shifts.

Paddy’s Point return: 20$ ounces of five weeks’ sluicing. The annual meeting of the Lawson’s Flat Gold Sluicing Co., Ltd., was held on Tuesday evening. Messrs E. IL S. Hamilton am] T. J. Ma ling were re-elected directors. The chairman said 838 oz of gold had been recovered, the average realisation being about £7 4s 9d per oz. compared with 624 oz valued at £6 14s per oz the loss on the year’s working would the loss on the year's working would have been very small. Since the close of the linaneial year 2200 z of gold, valued at. £1639 had been recovered. Fur some weeks past the company had been operating at a good rate of proti* and if it continued say for six months the deficit on the profit and loss account should disappear. It was hoped that during the coming year pro vision would be made to pay off preliminary and depreciation expenses, which had not been provided for last year.