MINING COY.
Decides Not to Stop GOVERNMENT SUBSIDY SECURED. (Per Press Association.) INVEJJCARGILL, March. 4 I am very pleased to report that the position has brightened up consid. erably,” said (the. Chairman of Directors of the King Solomon Deep Lead Ltd. (Mr Henry Smith) at the ad. journed extraordinary meeting o f the shareholders at Gore to-night. The previous meeting id'eaided t 0 defer until to-night, consideration of a mo- / On J Or the voluntary liquidation of t'n'e Company. A’ report was presented on the lat. est position.. It stated .that confirmation of a Government grant of £lOOO las been received, and the returns secured Since the previous meeting have been more encouraging. The motion to liquidate was with, drawn, and the directors were instruct, ed to continue exploration work. The Chairman announced that he had been advised by the Minister of Mines (Hon. p. C. Webb) who visited the mine recently, that Cabinet had approved of £lOOO subsidy for development work.
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Grey River Argus, 5 March 1937, Page 8
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162MINING COY. Grey River Argus, 5 March 1937, Page 8
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