THE WETHERSTONES CEMENT.
The result of the first crushing in the Wetherstones Company's claim, though not such as to fulfil the expectations of speculators is, by no means discouraging. The yield represents £266 in money, and if the working expenses, including interest on capital .invested, amounts to £2300r £340, the margin left will yield a fair dividend on the capital actually laid out, which scarcely exceeds £2OOO. It may be assumed, for the purpose of a rough calculation, that the company have actually worked for thirty days, employing twelve men daily at 10s. each per day, and paying for their wa>er power at the rate of £1 per day. Future yields may reasonably be expected to be better as manager and men get better accustomed to their work. But independent of profits to shareholders the incidental advantages to the district of the development of this particular industry will be very great. The deposit has been tested so far as to show clearly that it will take centuries to exhaust it. What is at present required is capital, and thea individual shareholders are, generalljl speaking, unable to spare the funds fjM erecting machinery. iH
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Bibliographic details
Mount Ida Chronicle, Volume IX, Issue 495, 9 January 1879, Page 2
Word Count
193THE WETHERSTONES CEMENT. Mount Ida Chronicle, Volume IX, Issue 495, 9 January 1879, Page 2
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