The Great Barrier Mine.
(By Telegraph.) (Per Press Association.) Auckland, This day. At the annual meeting of the Great Barrier Gold and Silver Company the report stated the property was worked by an Otago syndicate which holds the option to the 28th inst of .£IO,OOO and 50,000 pound shares to the present shareholders. It is estimated that 200 tons of ore was ready for treatment of the value of £lO per ton and that £40,000 worth of ore was in sight. The balance sheet showed among receipts—Cash from Otago syndicate £IOOO ; the amount expended in development work, wages, mining requisites, &c., amounted to £1956 lis lid. The report was adopted. James May, a retiring director, was re-elected. H. Phillipson and J. E. Thorpe were also elected to the board.
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Bibliographic details
Hastings Standard, Issue 425, 14 September 1897, Page 2
Word Count
129The Great Barrier Mine. Hastings Standard, Issue 425, 14 September 1897, Page 2
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