MINING

Hokitika Guardian, 29 February 1932, Page 3

MINING

OKARITO FIVE MILE BEACH GOLD DREDGING COY.

A statement of the affairs of the Company gazetted, shows the Company was registered on 29tli. October, 1928, with a. nominal capital of £35,000 the amount subscribed amounting to £32,735, and the amount paid up in cash totalling £28,235. Paid up scrip given to shareholders for which no cash was paid £4,500. Amount of shares ss, fully paid up. Present number of shareholders 377. Men employed 11. Quantity of gold produced since last statement, 2061 0z5., valued at £10,89/. Total quantity produced since registration, 2491 ozs., valued at £12,707. Expended in operations, £9183 14s 3d. Total expenditure since registration, £37,929 11s. Debts owing to Company, £355, debenture stock, £2265. KILDARE RETURN. Kildare Consolidated Co. report a return of 61 U>z. of gold for the period from January 18th. to February 20th. PADDY’S POINT GOLD MINING. Paddy's Point Cold Mining Co. Ltd., report that a paddock was finally completed on Wednesday, and yielded 71 oz. The time taken has been approximately six weeks, and the area of the paddock is H acres. KING SOLOMON. iTNVRRCARGILf.|. Fob. 26. The wash-up for the King Solomon mine for the past week wn,s 16oz. Bdwt. GOLDEN TERRACE. INVERCARGILL. Feb. 26. The Golden Terrace wash-up for 167 hours was 42 ozs. 6dwts,