MINING.

Lyttelton Times, Volume CVIII, Issue 12996, 11 December 1902, Page 2

MINING.

■WEST COAST NOTES. [Fkom Ura CoßKEsrnxnicxT.] GREYMOUTH, Dec. 10. Great Yv T ocdstoclc dredge lias be-on eioscd down. Prince of "Wales continues to work splendidly, ■and lias Utile difficulty in dca!ii:g with the wash in spite ct' the tight nature of the ground. Alter opening out which lu3 just been performed, the circetge is expected to get improved returns. The debt is being rapidly reduced, leaving a substantial margin on each week's work. The company has several hundred pounds in hand, and, 'although debentures to the extent of i'SOO have been issued, it, is anticipated that a few months will sec those paid off and the company enter on dividend paying. West Coast shareholders in tho Ayimer Lead Company have taken stops to have the management transferred 'to Greymouth. The company has £ISOO in cash and about £IOOO due for calls which can be collected. Local shareholders are of opinion that, with tho sale of machinery and plant now ly-ing on the Coast, sufficient funds will' bo in hand to acquire one of the many cheap dredges on the market. [Pick Press Association-.] AUCKLAND, Dec. 10. During tho past three weeks the gold returns for Auckland district 'total £21,703. Though the output is smaller than usual, this is owing to the non-completion of some important clean-ups, including that of the W'aihi Gold-mining Company. . WELLINGTON, Dec. 10.. The official liquidator of tho SMlapourilca Rivor Gold Dredging Company, who recently failed in prosecutions 'to recover calls from the director?, is now proceeding by. application io the Chief Justice to settle the list of cor.tribtitories to the affairs, of the company, which is now in liquidation. Nineteen shareholders, whoso names were on -the list, were represented this morning as objectors to being included. Tho case W-. 19 adjourned for. evidence. DUNEDIN, Dec. 10. At a meeting of shareholders of tho liendigo Geld Dredging Company, it was mode a recommendation to the directors to call the shareholders together with a view to liquidation and, it is understood, reconstruction. This course l is necessary owing to "he dredge having been destroyed by fire on Sunday. DUNEDIN STOCK .EXCHANGE. [Pur. Pitkss Association-.I DUNEDIN. Dm. 10. Sales on the 'Duncd'ai. Stock ExoWngc: Bendigo 2s 6d esr.d 23 9d, New Roxburgh Jubilee 235. . ■ Afternoon sales—Bendigo 2s 6d and 2s Od, New Roxburgh Jubilee 255. MINING- NOTES. The Secretary.of tike ■Grec-msione Creek Golddredging Company reports that 'the clroclgema.ster washed" up -on Monday for 12-oz 4dwt, the result of 95 hcurs' work. ■ The secretnry of the Red Jocks Company hxi received word that the dredge is now on good wash, and the machinery is working well. Tho directors of the Riley's Beach Golddredging Compamy have decided to move iho dredg-3 down to. the ■bench portion of tho claim, whore tho mVn eivcsr will not interfere with opc.T.a.tions. _ This -work will be carried out after tho holidays. Tho di«oi'Ors of the lUc'lyneux Hydraulic Dredging Comi)o.nv have declared a. dividend of j:i rpcr fhiEC?-. * T'hry havo also :.-.;ddc-d J-100 to thn're&ervri'fu:rd, which row stand.!-, sit £'soo. The 'directors of thi Tinker's Gold-mining Comnany have dcc-.la.recl a, dividend (ilio fourth) of 6d per sh&r;.