MINING NEWS.

Lake County Press, Issue 2392, 7 September 1911, Page 5

MINING NEWS.

“The Waihi Gold Mining Company’s seventh dividend of 2s per share will absort £49,595 14s, and will bring the total payments made to shareholders in the company to £4,284,662 7s Bd. There being 2,231 shareholders on the colonial register holding 147,092 shares, colonials will receive £14,709 4s of the amount to be paid. On June 1, when the last dividend (3s) was paid, colonial shareholders received £22,505 16s, the number of shareholders on the colonial register then being 2,214, holding 147,000 shares. This shows that during the past three months the number of colonial shareholders has increased by 17, and the colonial holdings by 92 shares. The contractors are still busy at stopping leaks in the sunken Shine II pontoons, and did not make any attempt to lift them last week. As the river is now coming down discolored with the recent rain, it will make matters more complicated, and it is now looking doubtful if the attempt to raise the dredge will be successful. — Argus. The Argus says that considerable local interest is being manifested in the reefing operations on the Garrick

range, and the results of the first crashing are anxiously awaited. There has been a very large amount of work done by the Garrick Mining Coy, in the way of building a plant, and if tbe results are satisfactory it will be of great benefit to the district. Mr E. Evans and party have about 80 tons of quartz ready to crush on the top of the range, which is expected to yield an ounce to the ton, and this would leave a large margin of profit returns : Electric I, OBoz ; Shine I, -430z; Rising Sun, 38oz; Electric 11, 17oz ; Golden Sun, 7oz.

PHI Dredging in Peru. ’ On the Inambari River in South America the first dredge ever worked in Peru has been started, and (says the Free Press) some interesting descriptions of those parts have been written Rome by a young New Zealander (Mr James M'Pherson, a son of Mr C. M*Pherson, of Romahapa), who has rgone out to work on her. To get to the locality the railway crosses the Andes Mountains at the immense height of 17,100 ft. The train zigzags, spiral fashion, round the mountain until the top is reached. The guage used is very wide. To the traveller looking down from the top the line is visib'e in about twelve different placrs —that is, if the said traveller is feeling quite well enough to take the required interest, for if he is trot “acclimatised” his whole attention wi I probably be directed towards keeling his life-blood at home. This is because, at such an altitude, there is not sufficient ait outside the

body to counteract the pressure from inside, and bleeding at the mouth, nose, and ears is the result. The sole inh ibitants along the route are savage Indians, who live in most insanitary conditions. The train service does not extend right to the scene of the dredge's operations, and mules had to be requisitioned for the latter part of the journey, a matter of about 170 miles, which took seven days at 10 hours’ riding a day. Sometimes the “ going ” was so treacherous that the mules bad to he led. The Inambari is about the size of the Clutha, and is expected to prove very rich. A few of the expert hands are English, but the risk are Peruvians. The writer relates how a promising young Englishman lost his life by drowning. Had he survived another minute he would have been s/iiVi d, hut he was caught in a whirlpool, and sank immediately. S) that life for these pioneers, despite its isolation, is not without its measure of pathos and excitement.