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Grey River Argus, 9 October 1941, Page 1

COMMERCIAL

CHRISTCHURCH. October 8. Sales: Woolworth’s New Zealand 14/3 (2), New River 3d. Reported: Govt 1948 Stock late yesterday £loa 5/-. Woolworth’s Sydney 17/4, Woolworth’s New Zealand late yesterday 14/3. Broken' Hill South 29/2, Wellington Alluvial, late vesterdav 3/11. AUCKLAND, October o. Sales, noon call: Traders’ Finance Con. 3s Id; Broken Hill Prep, new issue fully paid, odd lot, 41s 6d. WELLINGTON, October 8. Sales: New Zealand Government four per cent,. 1949/52 Stock £lO6 5/-, New Zealand Breweries' 36/6. Sales reported: New Zealand Government four per cent. 1948 Stock £lO5 5/-. Mr. W. J. Candy (Masterton) and Mr. W. Mashin (Christchurch), who recently visited Sydney to inquire into the affairs of the Mount Morgan Company, in the interests of the New Zealand shareholders, have reported on their investigations. They found “that not one person, however critical in other matters, has suggested that the mine and its ore deposits are not extensive and likely to be as productive in gold or copper as nas been from time to time reported." Their report goes into the overburden question of detail, and into tne policy of removing it by contract. Problems as yet unsolved are also referred to. They are of the opinion, A ‘th'at in future outsio.e projects should be left severely alone,’’ so far as capital responsibility• is concerned, and that all effort should be concentrated on the Mount Morgan mine Suggestions relating to organisation and administration were made' to the directors for their consideration.