MINING

Hokitika Guardian, 11 July 1935, Page 5

MINING

share quotations The latest mining share quotations include the i'ollwing ; Gillespies-—,l/6; Lawson’s Flat 3kl, 4.)-d ; Stafford —, 10d ; Okarito—, 6’; Skippers 2d. 2kl; Waihi £j, 16/11, £1 17/ • Waitahu—, 3/ ; Worksop 2/5, 2/7 ; White's Electric sd, 6kl; Upp-T Watut 4/9, 5/1: Goldfields 2id, 3 : ' s d ; King Solomon 3/8, 3/10; Mahiikipawa 6d, 7d ; Mahakipawa preL 7d, lid ; Maori Gully 1 /'U, 1/2-i ; .Mossy Creek 2/5, 2/6.) : Alataki 1/, Lye]l 'l9l, 19/3 ; Alexander 14/, 16/ ; Alexander {ls paid) 13’, 14/ ; Argo Gold 1/41, 1/5 ; Big River 2/3, 2/3,); Brian Born 13d, 4d: Golden Sands 2/7, 2/9.

ALLUVIAL GOLD At a mooting of shareholders of Alluvial Gold. Ltd., in Canberra, an increase in the capital to £IOO,OOO by the creation of 50,000 new shares of £1 each was agreed to. Reviewing the company’s operations, the chairman saiil that a large amount of exploratory work had been done in New Zealand, 120 areas having been examined. Only three, Barrytown, Kanieri and A rah urn Vaßey had so far boon proved of sufficient. value ito warrrvit equipment under present conditions. Ho mentioned that in New Zealand there was an expdrt tax of 12s 0d per ounce on gold which, in the. opinion of the directors, was seriously retarding the development of mineral resources. ft" was understood that consideration was being given bv the Government to the cancellation of this tax.