WEEK'S MINING NEWS,

Lake County Press, Issue 981, 26 September 1901, Page 4

WEEK'S MINING NEWS,

r l he 'A ole. I ;...!. to. ■, return for the i j lour weeks ‘..ruled 1-1 li September shows I : I hat !>_* sr-'O I nis .f ore Were treated for * ’ bullion v.al'U : tys jif t !;■* sec md largest , | return in the history of i he company. I A miner h-s fo md a maggot of g,,hl at • i I'.l nir'o'ila (<Queensland) weighing eighl | teen pounds. ■ l \n exl raorditiaiy ncral meeting of f j shareli ihlci's in tic ! Blips,. (]budging . j Coin; ..my va< held at Law re nee <-n Frid.ay .evening 2oi hj inst. (says the Tuapeka s i ’rimes) to conlirm a resolution passed at t |an extraordinary meeting on Septem- . j her 2 to increase the capital of the . company by the issue of 2000 preference 3 I shares. Mr L. Herbert (chairman of _ I directors) presided, and there were 18 ; | shareholders present. Gn the motion of . 1 Mr John Thomson, the resolution was un- ! animously confirmed. 'L’he ordinary general meeting of shareholders was then < held, the same persons being present, r In moving the adop* ion of the report the , Chairman said tin ir experience had bten j an exceedingly bad one. The residents <>f i the Kawirn had told him they had never 1 j during the past 2d years known the river , j to be so high and continue so for so long i i a time. The manager was still sanguine j | wifli regard to the subsequent success of j I the claim, and had expressed a wish, j when the dredge recommenced, to puli ahead a little to where lie believed there was a soft reef. The experience of most Companies was that where they struck a hard rock bottom they did not succeed in getting much gold. There was also or the claim a splendid beach, which had yielded the splendid prospects from boring and raised their hopes so high. This, the directors (who had visited the claim) considered should yield good returns, and would, at the lowest c imputation give them two years’ dredging. They had every confidence in the experience and ability of the dredgemaster, who was a man who did not endeavor to paint the prospects jin exceptionally glowing terms. Con- | eluding, the speaker regretted they wore J not in a better position at their second I annual meeting, but they could, rest j assured ir was through no fault of the I directors. In reply to a ipiestion by Air ! Thompson as to the intentions of the | directors regarding recommencing opera--1 tions, the Chairman stated that if the j river continued favorable the directors | would have dredging recommenced at I once. <hi the motion of Mr Wakefield, ■ the report and balance sheet were unanimously adopted. Alcssrs B. Hart and j E. C. Brown were re-elected directors, ! and Air J. C. Aibuckle was reappointed | auditor. - < ).D. Times. DREDGING RETURNS. oz. dwt Electric .. 209 0 1 Liyas .. 142 0 ; I’l'ci: v.-e'l 79 2 Golden <4 It.; 76 12 Al nte Christo ... ... 50 10 j Guidon Run ... ... 4'! 4 Electric Extended ... 48 5 E inuck'ugh -No. 2 ... 39 16 Olrig ... .. .. 87 11 i (tdlu Queen ... ... 86 3 Wainiiunu Central ... 34 10 IVrsevanuce No. 1 ... 34 0 Otagj 32 0 Vine nt Extended ... 32 0 W..hmunu Extended ... 31 12 Teviot ... ... .. 31 7 I Golden Gravel .. ... 31 C Eunvi'e 20 16 Rcisev. r.u-ce No. 2 ... 29 5 Emnscieugh No. 1 ... 27 16 Naunai ... ... 27 9 j Central Alataura No, 2.. 27 6 Mat au 26 0 j Magnetic ... ... ... 25 0 Unity 24 8 | Central Charlton ... .. 24 7 Alpine No. 2 ... ... 23 5 1 s access 28 0 Alolymux Hydraulic ... 23 0 Golden Treasure ... ... 28 0 j Chaillnn Greek ... ... 22 10 i Inch Valley 21 8 Spec Gully... ... ... 19 S I Lawrence' 19 0 j Gulden Bed. ... ... IS 15 Chicago IS 0 Waini'.inui ... ... ... 17 13 11 ippy Valley ... ... 17 11 Meg and Annie ... ... 17 7 ]• uiir'ictu-Mi.e Beach ... 15 6 L),install Lead ... ... 13 10 Gabriel ... ... ... 13 5 t Shepherd's Greek ... ... 18 J I Central Electric 18 0 j Alpine Consols .. ... 12 11 i G dden Link ... ... 12 10 Long Valley 12 0 Golden Beach I 1 6 Enterprise No. I .. ... 10 14 Majestic 10 11 Hartley and Riley ... 9 9 DanhiciC ... ... b 12 Inchdalc ... ... 7 15 Sixleea-inlle Beach ... 7 13 Central Alataura No. 2 ... 0 3 Great Central 2 17 \V list Coast. Al -H 5 Mokoia 98 15 North Beach .. . . 28 0 Paclobifi ... ••• 10 10 Ahaura River ... 16 14 Maori Queen 14 II Funis Creek H 7 i Lricksou's Reward ... 10 16 j Greenstone Creek... ... 9 3 i Grey River Consolidated G 0