THE Inangahua Times. PUBLISHED TRI-WEEKLY. MONDAY, JULY 30, 1877.

Inangahua Times, Volume IV, Issue 48, 30 July 1877, Page 2

THE Inangahua Times. PUBLISHED TRI-WEEKLY. MONDAY, JULY 30, 1877.

arrnn^em,entf between, the EJeepriOttrk: Company and the Inangajb^ua M&s|tij^'.>Po.rn,pa.ny have been \cs)p,. j)l^|pdi|^|: ; the balance— yiz., £1,240^/CiL/viib:ep|^rch,ase rao^iej for ,the noachiji^f^wiiis; p^icl oa Saturday last. Tbe fo/ni.ir; Corrfpan,y i\re now in pos« sesion p/'-iho 'eutire' pjaiit, aud from the favorable arrangements, made witb tu.e Niijtloiial Bunk 16r, .1.T?0 re-payment df the is' conffiently expected 1 * Jfi^ will be paid, j

and that the whole of the putvlu.se J money and interest will be paid off inside of eighteen months. The price paid for the battery and bonua shares waa £7750, and the Company are only asked to pay the Bum oiT at the rate of £400 per month, Should the Company feel inclined to. realise on the bonus shares aceordicg to. present market value, they would realise at least £}75iQ, thus reducing the primary cost of the machinery to £&6.000 i, The ; Keep-it-Dark Company, after a little over sixteen, days' crushing, cleaned up ou Friday night last, the result bein<j 254.08, lGdwfc Mgra melted gold ; and I after making provision for the mon,tbjsr expenditure, and paying the monthly moiety of £400. towards the machinery, and retaining a small balauce on hand, a dividend (the 3rd) of fou,rpence per 20,000fch share was struck and i» now payable at the Company's office. Had the battery been fully employed during (he whole month, the dividend would douh'leas have been larger; but considerable delay w.as occasioned through M'Callu 1 '!, and party throwing up the contract r'or raising stone. Mr Irving, the new contractor fo,r the same work, has np,w fully manned the mine, and fifteen head of stampers will be kept going the ensuing month ; and as soon as the rise is frnished, the contractors will start the twenty head of stampers. Th,e shareholders of this company have to, all appearances a good prospect before them, and the management de 'serve the thanks of the shareholders for their successful arrangements in : the, purchase of the Crushing Battery.